Playags Inc (NYSE:AGS) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 304,774 shares, a decline of 46.3% from the May 31st total of 567,904 shares. Based on an average daily trading volume, of 193,656 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.8% of the shares of the company are short sold.
Several brokerages recently issued reports on AGS. ValuEngine upgraded shares of Playags from a “hold” rating to a “buy” rating in a research report on Thursday, May 17th. Bank of America lifted their price target on shares of Playags from $24.00 to $26.00 and gave the company a “buy” rating in a report on Friday, May 4th. Deutsche Bank lifted their price target on shares of Playags from $23.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Finally, Stifel Nicolaus lifted their price target on shares of Playags from $24.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, March 15th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.75.
Shares of Playags opened at $27.07 on Monday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 3.37, a quick ratio of 2.08 and a current ratio of 2.91. Playags has a 1-year low of $16.66 and a 1-year high of $27.19.
Large investors have recently modified their holdings of the business. Spark Investment Management LLC purchased a new position in Playags during the first quarter valued at approximately $351,000. Alambic Investment Management L.P. purchased a new position in shares of Playags in the first quarter worth $664,000. Quad Capital Management Advisors LLC purchased a new position in shares of Playags in the first quarter worth $233,000. RWC Asset Management LLP purchased a new position in shares of Playags in the first quarter worth $7,052,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Playags in the first quarter worth $400,000.
PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.
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