Playtech (LON:PTEC) Stock Passes Below Two Hundred Day Moving Average of $527.19

Shares of Playtech plc (LON:PTECGet 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.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised shares of Playtech to a “buy” rating and decreased their price objective for the stock from GBX 693 ($8.37) to GBX 602 ($7.27) in a report on Monday, August 8th.

Playtech Price Performance

The company has a debt-to-equity ratio of 71.60, a quick ratio of 0.93 and a current ratio of 1.62. The business’s 50 day simple moving average is GBX 461.90 and its 200-day simple moving average is GBX 527.19. The stock has a market capitalization of £1.41 billion and a price-to-earnings ratio of 248.47.

Insider Buying and Selling at Playtech

In other Playtech news, insider Andrew Smith sold 84,875 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of GBX 488 ($5.90), for a total transaction of £414,190 ($500,471.24). In related news, insider John Krumins purchased 8,000 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of GBX 467 ($5.64) per share, for a total transaction of £37,360 ($45,142.58). Also, insider Andrew Smith sold 84,875 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of GBX 488 ($5.90), for a total transaction of £414,190 ($500,471.24).

Playtech Company Profile

(Get Rating)

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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