Playtech (LON:PTEC) Share Price Passes Above 200 Day Moving Average of $443.18

Playtech plc (LON:PTEC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 443.18 ($5.57) and traded as high as GBX 502 ($6.31). Playtech shares last traded at GBX 485 ($6.09), with a volume of 350,400 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating and set a GBX 720 ($9.05) price objective on shares of Playtech in a report on Tuesday, April 23rd.

Playtech Stock Up 0.9 %

The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 40.58. The firm has a market cap of £1.49 billion, a P/E ratio of 1,672.41, a P/E/G ratio of 1.28 and a beta of 1.37. The business has a 50-day moving average price of GBX 462.72 and a 200-day moving average price of GBX 443.18.

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 marketing and advertising, consulting and online technical support, data mining processing, turnkey, operational and hosting, live game, and video stream services; and operates betting shops.