Playtech (LON:PTEC) Trading 10.2% Higher – Time to Buy?

Playtech plc (LON:PTEC) rose 10.2% on Tuesday . The stock traded as high as GBX 354.50 and last traded at GBX 351.50. Approximately 1,682,517 shares traded hands during trading, a decline of 63% from the average daily volume of 4,554,998 shares. The stock had previously closed at GBX 319.

Wall Street Analyst Weigh In

PTEC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective 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 downgraded Playtech to a “hold” rating and cut their target price for the stock from GBX 405 to GBX 240 in a research note on Tuesday, November 25th.

Playtech Price Performance

The company has a market capitalization of £992.89 million, a price-to-earnings ratio of 0.60, a P/E/G ratio of 1.28 and a beta of 1.26. The company has a fifty day simple moving average of GBX 283.77 and a two-hundred day simple moving average of GBX 322.89. The company has a debt-to-equity ratio of 40.06, a quick ratio of 1.09 and a current ratio of 1.55.

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.