Playtech (LON:PTEC) Sets New 12-Month High – Here’s What Happened

Playtech plc (LON:PTEC)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 447 ($6.05) and last traded at GBX 431 ($5.83), with a volume of 3337053 shares changing hands. The stock had previously closed at GBX 396.50 ($5.37).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PTEC. Peel Hunt reiterated a “buy” rating and set a GBX 510 target price on shares of Playtech in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 417 price objective on shares of Playtech in a research note on Monday, August 4th.

Playtech Trading Up 6.5%

The business’s 50-day simple moving average is GBX 402.68 and its two-hundred day simple moving average is GBX 508.80. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.06. The company has a market capitalization of £1.30 billion, a PE ratio of 588.79, a PEG ratio of 1.28 and a beta of 1.26.

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.