Playtech (LON:PTEC) Trading Up 9.2% – Should You Buy?

Shares of Playtech plc (LON:PTEC) traded up 9.2% during mid-day trading on Tuesday . The company traded as high as GBX 308 and last traded at GBX 298. 2,091,662 shares changed hands during mid-day trading, an increase of 141% from the average session volume of 868,488 shares. The stock had previously closed at GBX 273.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Jefferies Financial Group downgraded Playtech to a “hold” rating and decreased their target price for the company from GBX 405 to GBX 240 in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Playtech from GBX 433 to GBX 390 and set a “buy” rating on the stock in a research report on Friday.

Playtech Stock Up 9.2%

The company has a market cap of £841.76 million, a P/E ratio of 0.51, a P/E/G ratio of 1.28 and a beta of 1.26. The company has a 50-day simple moving average of GBX 275.71 and a 200 day simple moving average of GBX 329.17. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.06.

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.