International Game Technology PLC (NYSE:IGT) shares hit a new 52-week low on Wednesday . The stock traded as low as $18.25 and last traded at $18.60, with a volume of 191500 shares trading hands. The stock had previously closed at $18.53.

Several research analysts recently weighed in on IGT shares. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 target price on shares of International Game Technology in a research note on Wednesday, August 1st. Union Gaming Research raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. They noted that the move was a valuation call. UBS Group raised shares of International Game Technology from a “hold” rating to a “buy” rating in a research note on Friday, June 15th. ValuEngine downgraded shares of International Game Technology from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Credit Suisse Group started coverage on shares of International Game Technology in a research note on Tuesday, August 14th. They issued a “neutral” rating and a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. International Game Technology has a consensus rating of “Buy” and an average price target of $32.00.

The company has a market cap of $3.89 billion, a price-to-earnings ratio of 12.22 and a beta of 1.38. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.88 and a current ratio of 1.01.

International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.06). International Game Technology had a negative net margin of 13.37% and a positive return on equity of 12.26%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.15 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. research analysts anticipate that International Game Technology PLC will post 1.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, August 13th. International Game Technology’s dividend payout ratio is currently 52.63%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. increased its stake in shares of International Game Technology by 5.8% during the 1st quarter. Point72 Asset Management L.P. now owns 8,581,300 shares of the company’s stock valued at $229,378,000 after acquiring an additional 472,447 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of International Game Technology by 0.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 6,469,132 shares of the company’s stock valued at $150,342,000 after acquiring an additional 25,389 shares during the last quarter. Rubric Capital Management LP increased its stake in shares of International Game Technology by 49.3% during the 1st quarter. Rubric Capital Management LP now owns 1,411,269 shares of the company’s stock valued at $37,723,000 after acquiring an additional 466,269 shares during the last quarter. Peregrine Capital Management LLC increased its stake in shares of International Game Technology by 1.8% during the 2nd quarter. Peregrine Capital Management LLC now owns 1,312,047 shares of the company’s stock valued at $30,492,000 after acquiring an additional 23,365 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in shares of International Game Technology during the 2nd quarter valued at about $23,240,000. 47.07% of the stock is owned by institutional investors.

International Game Technology Company Profile (NYSE:IGT)

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through: North America Gaming and Interactive, North America Lottery, International, and Italy segments.

Featured Article: Exchange-Traded Funds (ETFs)

Receive News & Ratings for International Game Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Game Technology and related companies with MarketBeat.com's FREE daily email newsletter.