Playtech (LON:PTEC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Playtech plc (LON:PTEC)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 362.12 and traded as high as GBX 413.20. Playtech shares last traded at GBX 405.80, with a volume of 565,944 shares.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 405 target price on shares of Playtech in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Playtech from GBX 443 to GBX 460 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Citigroup raised Playtech to a “buy” rating in a report on Friday, July 10th.

Playtech Stock Performance

The stock’s 50-day moving average price is GBX 376.83 and its 200-day moving average price is GBX 362.53. The company has a market cap of £1.12 billion, a P/E ratio of 0.83, a PEG ratio of 1.28 and a beta of 0.66. The company has a debt-to-equity ratio of 24.36, a current ratio of 1.42 and a quick ratio of 1.09.

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.