Playtech (LON:PTEC) Shares Up 9.2% – What’s Next?

Shares of Playtech plc (LON:PTEC) shot up 9.2% on Wednesday . The company traded as high as GBX 308 and last traded at GBX 298. 2,091,662 shares changed hands during mid-day 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: Please paste the full article text or provide URLs for the news items on Playtech (PTEC). If you prefer, tell me to fetch the latest headlines and I’ll summarize the most relevant near-term items that could move the stock.

Wall Street Analyst Weigh In

PTEC has been the topic of several analyst reports. Jefferies Financial Group downgraded Playtech to a “hold” rating and lowered their price target for the company from GBX 405 to GBX 240 in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft lowered 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, January 23rd.

Playtech Stock Up 5.8%

The company has a market capitalization of £895.43 million, a price-to-earnings ratio of 0.55, a P/E/G ratio of 1.28 and a beta of 1.26. The business has a fifty day simple moving average of GBX 275.71 and a two-hundred day simple moving average of GBX 329.17. The company has a quick ratio of 1.09, a current ratio of 1.55 and a debt-to-equity ratio of 40.06.

Playtech Company Profile

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.