Playtech (OTCMKTS:PYTCF) Stock Price Up 16.6% – Still a Buy?

Playtech plc (OTCMKTS:PYTCF)’s share price was up 16.6% during mid-day trading on Monday . The company traded as high as $5.33 and last traded at $5.33. 5,000 shares changed hands during trading, a decline of 3% from the average daily volume of 5,160 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PYTCF shares. Morgan Stanley restated an “underweight” rating on shares of Playtech in a research note on Wednesday. Citigroup reiterated a “buy” rating on shares of Playtech in a report on Friday. Jefferies Financial Group restated a “hold” rating on shares of Playtech in a report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Playtech in a research note on Friday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Playtech Price Performance

The firm has a fifty day moving average of $4.80 and a 200 day moving average of $4.51.

Playtech Company Profile

Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.