Paddy Power Betfair (LON:PPB) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Paddy Power Betfair PLC (LON:PPBGet Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 5,676 ($73.70) and traded as low as GBX 5,648 ($73.33). Paddy Power Betfair shares last traded at GBX 5,676 ($73.70), with a volume of 388,508 shares.

Paddy Power Betfair Stock Performance

The company’s fifty day simple moving average is GBX 5,676 and its 200 day simple moving average is GBX 5,676. The stock has a market capitalization of £4.74 billion and a P/E ratio of 23.61. The company has a current ratio of 0.64, a quick ratio of 0.24 and a debt-to-equity ratio of 6.73.

Paddy Power Betfair Company Profile

(Get Free Report)

Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services.

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