Playtech (LON:PTEC) Shares Pass Below 200 Day Moving Average of $0.00

Playtech PLC (LON:PTEC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $392.90. Playtech shares last traded at $394.20, with a volume of 813,983 shares traded.

A number of brokerages have issued reports on PTEC. Jefferies Financial Group began coverage on shares of Playtech in a report on Monday, June 10th. They issued a “buy” rating and a GBX 570 ($7.45) target price on the stock. Deutsche Bank reissued a “hold” rating on shares of Playtech in a report on Friday, July 12th. UBS Group reissued a “buy” rating and issued a GBX 535 ($6.99) target price (up previously from GBX 520 ($6.79)) on shares of Playtech in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. began coverage on shares of Playtech in a report on Wednesday, July 10th. They issued an “overweight” rating and a GBX 603 ($7.88) target price on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 575.82 ($7.52).

The company’s 50 day moving average is GBX 435.57. The stock has a market cap of $1.22 billion and a P/E ratio of 4.18. The company has a debt-to-equity ratio of 60.09, a quick ratio of 0.92 and a current ratio of 0.98.

In related news, insider John Jackson acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were acquired at an average price of GBX 409 ($5.34) per share, for a total transaction of £20,450 ($26,721.55).

About Playtech (LON:PTEC)

Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The company operates through Gaming B2B, Gaming B2C, and Financial segments. It operates an online trading platform to retail customers, which enable them to trade contracts for differences on various instruments, such as foreign exchange, commodities, equities, and indices; and provides B2B clearing and execution services for retail brokers and professional clients.

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