Playtech (LON:PTEC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Playtech plc (LON:PTEC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 362.12 and traded as high as GBX 413.20. Playtech shares last traded at GBX 405.80, with a volume of 565,944 shares.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PTEC shares. Jefferies Financial Group restated a “hold” rating and issued a GBX 405 price target on shares of Playtech in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Playtech from GBX 443 to GBX 460 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Citigroup upgraded shares of Playtech to a “buy” rating in a report on Friday, July 10th.

Playtech Trading Down 0.4%

The company’s 50 day moving average price is GBX 375.25 and its two-hundred day moving average price is GBX 362.12. The firm has a market cap of £1.13 billion, a PE ratio of 0.83, a P/E/G ratio of 1.28 and a beta of 0.66. The company has a quick ratio of 1.09, a current ratio of 1.42 and a debt-to-equity ratio of 24.36.

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.