Playtech (OTCMKTS:PYTCY) Shares Up 31.9% – Here’s Why

Playtech plc (OTCMKTS:PYTCYGet Free Report) shot up 31.9% on Monday . The stock traded as high as $10.58 and last traded at $10.55. 95,854 shares changed hands during mid-day trading, an increase of 977% from the average daily volume of 8,902 shares. The stock had previously closed at $8.00.

Playtech Price Performance

The company’s 50-day moving average is $9.04 and its two-hundred day moving average is $9.04.

Playtech Company Profile

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Playtech plc, operating OTC as PYTCY, is a leading provider of software and services to the global online gambling and financial trading industries. Founded in 1999 by entrepreneur Teddy Sagi and headquartered in Douglas, Isle of Man, the company develops and licenses turnkey platforms for casinos, poker rooms, sports betting, live dealer games, bingo, virtual sports and financial trading. It delivers back‐end management tools, player account services and risk management solutions to licensed operators worldwide.

At the heart of Playtech’s offering is its unified platform that integrates content across multiple verticals, enabling operators to manage customer acquisition, retention, payments, analytics and compliance from a single interface.

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