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

Playtech plc (LON:PTEC) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 362.12 and traded as high as GBX 413.20. Playtech shares last traded at GBX 405.80, with a volume of 565,944 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PTEC. Citigroup raised 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 target price on shares of Playtech in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Playtech from GBX 443 to GBX 460 and gave the stock a “buy” rating in a research note on Thursday, May 21st.

Playtech Price Performance

The firm has a market cap of £1.13 billion, a P/E ratio of 0.83, a P/E/G ratio of 1.28 and a beta of 0.66. The firm’s fifty day simple moving average is GBX 375.25 and its 200 day simple moving average is GBX 362.12. The company has a debt-to-equity ratio of 24.36, a quick ratio of 1.09 and a current ratio of 1.42.

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.