Shares of PlayAGS Inc (NYSE:AGS) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $24.33.
A number of analysts recently commented on AGS shares. Zacks Investment Research lowered PlayAGS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 12th. Stifel Nicolaus lowered their price objective on PlayAGS from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, September 3rd.
PlayAGS stock opened at $12.00 on Friday. The stock has a 50-day simple moving average of $11.60 and a 200 day simple moving average of $14.03. The company has a quick ratio of 1.41, a current ratio of 1.92 and a debt-to-equity ratio of 4.18. PlayAGS has a 12-month low of $6.05 and a 12-month high of $27.85. The stock has a market capitalization of $384.90 million, a price-to-earnings ratio of -80.00 and a beta of 1.17.
PlayAGS (NYSE:AGS) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.19). PlayAGS had a negative net margin of 7.87% and a negative return on equity of 8.15%. The business had revenue of $79.38 million during the quarter, compared to the consensus estimate of $78.36 million. During the same period in the prior year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that PlayAGS will post -0.17 EPS for the current year.
In related news, insider (Tony) Lethlean Anthony sold 881,252 shares of PlayAGS stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $0.14, for a total value of $123,375.28. 2.40% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Swiss National Bank grew its position in shares of PlayAGS by 3.6% during the 2nd quarter. Swiss National Bank now owns 52,500 shares of the company’s stock worth $1,021,000 after buying an additional 1,800 shares during the period. Dupont Capital Management Corp acquired a new position in shares of PlayAGS during the 2nd quarter worth about $326,000. Bank of New York Mellon Corp grew its position in shares of PlayAGS by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,989 shares of the company’s stock worth $1,770,000 after buying an additional 6,253 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of PlayAGS during the 3rd quarter worth about $213,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of PlayAGS during the 3rd quarter worth about $27,000. Institutional investors own 99.66% of the company’s stock.
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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