Playtech (OTCMKTS:PYTCF) Shares Up 16.6% – What’s Next?

Playtech plc (OTCMKTS:PYTCF)’s share price was up 16.6% during trading on Monday . The stock traded as high as $5.33 and last traded at $5.33. 5,000 shares changed hands during trading, a decline of 3% from the average session volume of 5,160 shares. The stock had previously closed at $4.57.

Analysts Set New Price Targets

Several analysts recently weighed in on PYTCF shares. Citigroup restated a “buy” rating on shares of Playtech in a report on Friday. Jefferies Financial Group reissued a “hold” rating on shares of Playtech in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Playtech in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Playtech Stock Performance

The business has a 50 day moving average of $4.79 and a two-hundred day moving average of $4.50.

Playtech Company Profile

Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.