Shares of Playtech plc (LON:PTEC – Get Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 527.19 ($6.37) and traded as low as GBX 452.48 ($5.47). Playtech shares last traded at GBX 469.60 ($5.67), with a volume of 540,663 shares.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft raised shares of Playtech to a “buy” rating and reduced their price objective for the stock from GBX 693 ($8.37) to GBX 602 ($7.27) in a research report on Monday, August 8th.
Playtech Stock Down 10.2 %
The company has a quick ratio of 0.93, a current ratio of 1.62 and a debt-to-equity ratio of 71.60. The business has a 50-day moving average price of GBX 460.79 and a 200-day moving average price of GBX 526.82. The firm has a market capitalization of £1.27 billion and a PE ratio of 228.78.
Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including casino, live casino, sports betting, virtual sports, bingo, and poker. It also owns the intellectual property rights and licenses the software; provides marketing and advertising, consulting and online technical support, data mining processing, turnkey, operational and hosting, live game, and video stream services; and operates betting shops.
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