Playtech (LON:PTEC) Shares Pass Below 200-Day Moving Average of $458.26

Playtech plc (LON:PTEC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 458.26 ($5.81) and traded as low as GBX 456.16 ($5.79). Playtech shares last traded at GBX 461 ($5.85), with a volume of 239,363 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “buy” rating and set a GBX 720 ($9.13) price objective on shares of Playtech in a research note on Tuesday, April 23rd.

Playtech Stock Up 0.9 %

The business has a 50 day moving average of GBX 475.42 and a two-hundred day moving average of GBX 458.52. The company has a debt-to-equity ratio of 40.58, a quick ratio of 1.09 and a current ratio of 1.42. The stock has a market capitalization of £1.42 billion, a PE ratio of 1,603.45, a PEG ratio of 1.28 and a beta of 1.33.

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.