According to Zacks, “PlayAGS, Inc. is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The company’s product line-up includes Class III EGMs for commercial and Native American casinos, video bingo machines for select international markets, table game products and interactive social casino products. PlayAGS, Inc. is headquartered in Las Vegas, Nevada. “
A number of other research firms have also recently weighed in on AGS. Roth Capital cut their price objective on shares of PlayAGS from $35.00 to $27.00 and set a buy rating on the stock in a report on Thursday, August 8th. Union Gaming Research cut shares of PlayAGS from a buy rating to a hold rating in a report on Thursday, August 8th. SunTrust Banks cut their price objective on shares of PlayAGS to $20.00 and set a buy rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus cut their price objective on shares of PlayAGS from $24.00 to $19.00 and set a buy rating on the stock in a report on Tuesday, September 3rd. Finally, Deutsche Bank cut shares of PlayAGS from a buy rating to a hold rating and cut their price objective for the stock from $31.00 to $18.00 in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $24.14.
PlayAGS stock traded up $0.69 during trading on Thursday, reaching $11.70. The stock had a trading volume of 50,306 shares, compared to its average volume of 420,223. PlayAGS has a 52-week low of $6.05 and a 52-week high of $31.70. The business has a 50 day moving average price of $12.53 and a 200 day moving average price of $19.77. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 4.00. The stock has a market cap of $377.46 million, a PE ratio of -78.20, a P/E/G ratio of 19.29 and a beta of 1.12.
PlayAGS (NYSE:AGS) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.23). PlayAGS had a negative return on equity of 0.72% and a negative net margin of 4.62%. The firm had revenue of $74.51 million during the quarter, compared to analysts’ expectations of $83.00 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that PlayAGS will post 0.05 EPS for the current fiscal year.
In other PlayAGS news, insider Victor Gallo bought 10,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $8.90 per share, with a total value of $89,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Adam Chibib bought 5,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $8.90 per share, for a total transaction of $44,500.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 32,028 shares of company stock worth $313,353. 2.40% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Swiss National Bank increased its holdings in shares of PlayAGS by 3.6% in the 2nd quarter. Swiss National Bank now owns 52,500 shares of the company’s stock valued at $1,021,000 after acquiring an additional 1,800 shares during the period. Hilltop Holdings Inc. increased its holdings in shares of PlayAGS by 8.4% in the 2nd quarter. Hilltop Holdings Inc. now owns 25,750 shares of the company’s stock valued at $501,000 after acquiring an additional 2,000 shares during the period. Comerica Bank increased its holdings in shares of PlayAGS by 8.0% in the 1st quarter. Comerica Bank now owns 31,010 shares of the company’s stock valued at $765,000 after acquiring an additional 2,300 shares during the period. BNP Paribas Arbitrage SA acquired a new position in shares of PlayAGS in the 1st quarter valued at $109,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of PlayAGS in the 1st quarter valued at $128,000. 99.44% of the stock is currently owned by institutional investors and hedge funds.
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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