PlayAGS Inc (NYSE:AGS) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 629,000 shares, a decline of 38.8% from the May 15th total of 1,028,400 shares. Based on an average daily volume of 329,500 shares, the short-interest ratio is presently 1.9 days. Currently, 2.3% of the company’s stock are short sold.
AGS traded down $0.06 on Wednesday, hitting $18.66. 280,900 shares of the company were exchanged, compared to its average volume of 370,082. PlayAGS has a 12 month low of $17.49 and a 12 month high of $32.80. The company has a market cap of $656.16 million, a P/E ratio of -124.40, a PEG ratio of 2.59 and a beta of 0.97. The company has a current ratio of 1.91, a quick ratio of 1.36 and a debt-to-equity ratio of 3.84. The company has a fifty day moving average price of $19.56.
In other news, CEO David Lopez sold 6,144 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $20.98, for a total value of $128,901.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors bought a new stake in PlayAGS in the first quarter valued at approximately $36,000. Great West Life Assurance Co. Can bought a new stake in PlayAGS in the fourth quarter valued at approximately $54,000. Legal & General Group Plc raised its stake in PlayAGS by 20.6% in the fourth quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock valued at $103,000 after buying an additional 764 shares during the period. BNP Paribas Arbitrage SA bought a new stake in PlayAGS in the first quarter valued at approximately $109,000. Finally, NumerixS Investment Technologies Inc bought a new stake in PlayAGS in the first quarter valued at approximately $128,000. Hedge funds and other institutional investors own 98.12% of the company’s stock.
A number of analysts have recently commented on the company. ValuEngine upgraded PlayAGS from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Zacks Investment Research lowered PlayAGS from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Deutsche Bank reiterated a “buy” rating and set a $31.00 target price on shares of PlayAGS in a report on Sunday, May 12th. Credit Suisse Group reiterated an “outperform” rating and set a $35.00 target price on shares of PlayAGS in a report on Wednesday, March 20th. Finally, Roth Capital initiated coverage on PlayAGS in a report on Monday, April 8th. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $33.50.
AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.
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