Playtech (LON:PTEC) Trading Up 9.2% – Here’s What Happened

Playtech plc (LON:PTECGet Free Report)’s share price rose 9.2% on Tuesday . The stock 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.

Playtech News Roundup

Here are the key news stories impacting Playtech this week:

  • Neutral Sentiment: Please paste the full article text or provide URLs for the news items on Playtech (PTEC). If you prefer, tell me to fetch the latest headlines and I’ll summarize the most relevant near-term items that could move the stock.

Wall Street Analyst Weigh In

PTEC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Playtech from GBX 433 to GBX 390 and set a “buy” rating for the company in a research report on Friday, January 23rd. Jefferies Financial Group cut Playtech to a “hold” rating and decreased their price target for the stock from GBX 405 to GBX 240 in a research report on Tuesday, November 25th.

Get Our Latest Stock Report on PTEC

Playtech Stock Up 8.2%

The company has a market capitalization of £915.21 million, a price-to-earnings ratio of 0.56, a P/E/G ratio of 1.28 and a beta of 1.26. 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 firm’s fifty day moving average price is GBX 275.71 and its 200-day moving average price is GBX 329.17.

Playtech Company Profile

(Get Free Report)

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.

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