Playtech (LON:PTEC) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Playtech plc (LON:PTECGet Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 640.56 ($8.03) and traded as high as GBX 720 ($9.03). Playtech shares last traded at GBX 714 ($8.96), with a volume of 195,225 shares trading hands.

Playtech Price Performance

The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.07. The stock has a 50-day moving average price of GBX 727.85 and a 200 day moving average price of GBX 640.56. The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of 2,380.00, a PEG ratio of 1.28 and a beta of 1.32.

Playtech Company Profile

(Get Free Report)

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.

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