Playtech (LON:PTEC) Stock Price Up 9.2% – Should You Buy?

Playtech plc (LON:PTEC)’s stock price was up 9.2% during mid-day trading on Tuesday . The stock traded as high as GBX 308 and last traded at GBX 298. Approximately 2,091,662 shares changed 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.

Wall Street Analyst Weigh In

PTEC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Playtech from GBX 433 to GBX 390 and set a “buy” rating for the company in a research note on Friday. Jefferies Financial Group cut Playtech to a “hold” rating and decreased their price objective for the company from GBX 405 to GBX 240 in a report on Tuesday, November 25th.

Playtech Stock Performance

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 business has a 50 day moving average price of GBX 274.42 and a 200 day moving average price of GBX 329.72. The stock has a market capitalization of £841.76 million, a PE ratio of 0.51, a PEG 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.