Aristocrat Leisure (OTCMKTS:ARLUF) Shares Up 17.5% – Here’s Why

Aristocrat Leisure Limited (OTCMKTS:ARLUF) rose 17.5% during mid-day trading on Monday . The company traded as high as $41.84 and last traded at $41.84. 142 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 2,265 shares. The stock had previously closed at $35.60.

Analyst Ratings Changes

Separately, Royal Bank Of Canada started coverage on shares of Aristocrat Leisure in a research report on Tuesday, April 28th. They set an “outperform” rating and a $58.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $58.00.

Aristocrat Leisure Trading Up 17.5%

The company has a fifty day simple moving average of $34.92 and a two-hundred day simple moving average of $35.70.

About Aristocrat Leisure

Aristocrat Leisure Limited is a global gaming content and technology company headquartered in Sydney, Australia. Established in 1953 by Len Ainsworth, Aristocrat has grown into one of the world’s leading designers and manufacturers of casino gaming machines and electronic gaming systems. The company’s product portfolio spans video and reel slot machines, electronic table games, player management systems and casino management software, serving land-based gaming establishments across multiple jurisdictions.

Over the decades, Aristocrat has expanded its geographic footprint to include North America, Europe, Latin America and the Asia-Pacific region.