Playtech (LON:PTEC) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Playtech plc (LON:PTECGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 358.97 and traded as high as GBX 411.40. Playtech shares last traded at GBX 406.40, with a volume of 40,058,418 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 405 price target on shares of Playtech in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Playtech from GBX 443 to GBX 460 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Citigroup upgraded Playtech to a “buy” rating in a report on Friday, July 10th.

View Our Latest Research Report on Playtech

Playtech Stock Up 0.4%

The firm has a fifty day simple moving average of GBX 363.38 and a 200-day simple moving average of GBX 358.97. The company has a market capitalization of £1.13 billion, a PE ratio of 0.84, a P/E/G ratio of 1.28 and a beta of 0.65. 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

(Get Free Report)

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.

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