Playtech (LON:PTEC) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Playtech plc (LON:PTEC) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 368.38 and traded as high as GBX 383.80. Playtech shares last traded at GBX 372, with a volume of 20,978,375 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup upgraded shares of Playtech to a “buy” rating in a research report on Friday, July 10th. Jefferies Financial Group restated a “hold” rating and issued a GBX 405 price objective on shares of Playtech in a research report on Thursday, July 9th.

Playtech Price Performance

The firm has a market capitalization of £1.04 billion, a P/E ratio of 0.77, a PEG ratio of 1.28 and a beta of 0.66. The company has a debt-to-equity ratio of 23.48, a current ratio of 1.50 and a quick ratio of 1.09. The company has a fifty day moving average of GBX 392.65 and a 200 day moving average of GBX 368.42.

Playtech Company Profile

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.