Playtech (LON:PTEC) Share Price Passes Below 200 Day Moving Average of $458.26

Playtech plc (LON:PTEC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

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

Playtech Stock Up 0.5 %

The company has a market cap of £1.40 billion, a P/E ratio of 1,589.66, a price-to-earnings-growth ratio of 1.28 and a beta of 1.33. The firm’s 50 day moving average price is GBX 474.99 and its 200-day moving average price is GBX 458.26. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 40.58.

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.