PlayAGS (NYSE:AGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “PlayAGS, Inc. is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The company’s product line-up includes Class III EGMs for commercial and Native American casinos, video bingo machines for select international markets, table game products and interactive social casino products. PlayAGS, Inc. is headquartered in Las Vegas, Nevada. “

Several other equities research analysts have also recently issued reports on the company. ValuEngine raised PlayAGS from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Union Gaming Research raised PlayAGS from a “hold” rating to a “buy” rating in a report on Friday, May 8th. Roth Capital cut their target price on shares of PlayAGS from $27.00 to $22.00 in a report on Thursday, March 5th. SunTrust Banks cut shares of PlayAGS from a “buy” rating to a “hold” rating and reduced their price target for the stock from $14.00 to $4.00 in a research report on Wednesday, May 6th. Finally, Deutsche Bank lowered their price objective on shares of PlayAGS from $9.00 to $5.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. PlayAGS currently has an average rating of “Hold” and an average target price of $14.00.

Shares of AGS opened at $3.38 on Monday. The firm has a market cap of $118.92 million, a P/E ratio of -4.57 and a beta of 2.92. The company has a debt-to-equity ratio of 4.96, a current ratio of 3.00 and a quick ratio of 2.11. PlayAGS has a 1 year low of $0.70 and a 1 year high of $21.59. The company has a 50 day simple moving average of $4.45 and a two-hundred day simple moving average of $6.74.

PlayAGS (NYSE:AGS) last posted its earnings results on Thursday, May 7th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.33). The company had revenue of $54.31 million for the quarter, compared to analysts’ expectations of $69.97 million. PlayAGS had a negative net margin of 9.12% and a negative return on equity of 16.81%. On average, sell-side analysts anticipate that PlayAGS will post -2.8 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. increased its position in PlayAGS by 5.4% during the fourth quarter. Sei Investments Co. now owns 25,838 shares of the company’s stock valued at $313,000 after acquiring an additional 1,332 shares during the last quarter. Swiss National Bank boosted its stake in shares of PlayAGS by 3.4% during the 4th quarter. Swiss National Bank now owns 54,300 shares of the company’s stock worth $659,000 after purchasing an additional 1,800 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of PlayAGS during the 4th quarter worth about $49,000. Two Sigma Advisers LP grew its holdings in PlayAGS by 1.6% during the 1st quarter. Two Sigma Advisers LP now owns 283,300 shares of the company’s stock valued at $751,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Bogle Investment Management L P DE lifted its stake in PlayAGS by 10.0% in the first quarter. Bogle Investment Management L P DE now owns 62,133 shares of the company’s stock worth $165,000 after purchasing an additional 5,674 shares during the last quarter. 85.70% of the stock is owned by institutional investors.

PlayAGS Company Profile

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

Further Reading: What is the QQQ ETF?

Get a free copy of the Zacks research report on PlayAGS (AGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for PlayAGS (NYSE:AGS)

Receive News & Ratings for PlayAGS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PlayAGS and related companies with MarketBeat.com's FREE daily email newsletter.