Playtech (LON:PTEC) Stock Price Up 9.2% – Still a Buy?

Playtech plc (LON:PTEC)’s share price was up 9.2% during trading on Tuesday . The company traded as high as GBX 308 and last traded at GBX 298. Approximately 2,091,662 shares were traded during trading, an increase of 141% from the average daily volume of 868,488 shares. The stock had previously closed at GBX 273.

Analyst Ratings Changes

A number of brokerages have issued reports on PTEC. Deutsche Bank Aktiengesellschaft reduced their price objective on Playtech from GBX 433 to GBX 390 and set a “buy” rating for the company in a research note on Friday. Jefferies Financial Group lowered shares of Playtech to a “hold” rating and reduced their price target for the company from GBX 405 to GBX 240 in a research report on Tuesday, November 25th.

Playtech Stock Up 9.2%

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

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.