Playtech (LON:PTEC) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Playtech plc (LON:PTEC)’s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 370.22 and traded as low as GBX 358. Playtech shares last traded at GBX 364.60, with a volume of 323,347 shares.

Analyst Ratings Changes

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

Playtech Stock Up 2.3%

The stock has a market capitalization of £1.05 billion, a price-to-earnings ratio of 41.98, a price-to-earnings-growth ratio of 1.28 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.50 and a debt-to-equity ratio of 23.48. The stock has a 50 day moving average price of GBX 389.72 and a 200 day moving average price of GBX 370.32.

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.