Playtech (LON:PTEC) Shares Up 9.2% – Still a Buy?

Playtech plc (LON:PTEC)’s stock price was up 9.2% on Tuesday . The company traded as high as GBX 308 and last traded at GBX 298. Approximately 2,091,662 shares traded hands during mid-day trading, an increase of 141% from the average daily volume of 868,488 shares. The stock had previously closed at GBX 273.

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Analyst Ratings Changes

A number of brokerages have recently commented on PTEC. Jefferies Financial Group lowered shares of Playtech to a “hold” rating and reduced their price target for the stock from GBX 405 to GBX 240 in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Playtech from GBX 433 to GBX 390 and set a “buy” rating for the company in a research report on Friday.

Playtech Stock Up 9.2%

The company has a 50-day moving average of GBX 275.71 and a two-hundred day moving average of GBX 329.17. The company has a debt-to-equity ratio of 40.06, a current ratio of 1.55 and a quick ratio of 1.09. The company has a market capitalization of £841.76 million, a PE ratio of 0.51, a P/E/G ratio of 1.28 and a beta of 1.26.

About Playtech

Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.