Playtech (LON:PTEC) Stock Price Up 9.2% – Time to Buy?

Playtech plc (LON:PTEC)’s share price shot up 9.2% during trading on Tuesday . The company traded as high as GBX 308 and last traded at GBX 298. 2,091,662 shares changed hands during trading, an increase of 141% from the average session volume of 868,488 shares. The stock had previously closed at GBX 273.

Key Stories Impacting Playtech

Here are the key news stories impacting Playtech this week:

• Neutral Sentiment: No articles provided. Please paste the news text or URLs (from the last 24–36 hours) you want summarized so I can explain why Playtech (PTEC) moved and which items are likely to affect the share price.

Wall Street Analyst Weigh In

PTEC has been the topic of a number of recent research reports. Jefferies Financial Group lowered shares of Playtech to a “hold” rating and cut their price target for the stock from GBX 405 to GBX 240 in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Playtech from GBX 433 to GBX 390 and set a “buy” rating on the stock in a research note on Friday.

Playtech Stock Up 9.2%

The firm’s fifty day simple moving average is GBX 275.71 and its 200 day simple moving average is GBX 329.17. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.06. The company has a market cap of £841.76 million, a price-to-earnings ratio of 0.51, a PEG ratio of 1.28 and a beta of 1.26.

About Playtech

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.