Playtech (LON:PTEC) Reaches New 52-Week Low at $408.40

Playtech plc (LON:PTECGet Rating)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 408.40 ($4.93) and last traded at GBX 425 ($5.14), with a volume of 192852 shares traded. The stock had previously closed at GBX 425.80 ($5.14).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Playtech to a “buy” rating and lowered their target price for the company from GBX 693 ($8.37) to GBX 602 ($7.27) in a research note on Monday, August 8th.

Playtech Stock Performance

The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 71.60. The business’s 50 day moving average is GBX 460.79 and its two-hundred day moving average is GBX 526.82. The company has a market cap of £1.31 billion and a PE ratio of 228.78.

Insider Activity at Playtech

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

About Playtech

(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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