Playtech (LON:PTEC) Stock Price Breaks Below 200-Day Moving Average – What’s Next?

by · The Markets Daily

Playtech plc (LON:PTEC – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 369.01 and traded as low as GBX 356. Playtech shares last traded at GBX 363.20, with a volume of 200,982 shares.

Analyst Upgrades and Downgrades

PTEC has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 405 target price on shares of Playtech in a report on Thursday, July 9th. Citigroup raised Playtech to a “buy” rating in a research report on Friday, July 10th.

Check Out Our Latest Analysis on Playtech

Playtech Stock Performance

The firm has a fifty day simple moving average of GBX 390.95 and a 200 day simple moving average of GBX 369.01. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of 23.48. The stock has a market cap of £1.01 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 1.28 and a beta of 0.66.

Playtech Company Profile

(Get Free Report)

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.

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