Playtech (OTCMKTS:PYTCF) Stock Price Up 11.8% – Should You Buy?

Shares of Playtech plc (OTCMKTS:PYTCF) rose 11.8% on Tuesday . The company traded as high as $4.12 and last traded at $4.12. Approximately 2,064 shares changed hands during trading, an increase of 91% from the average daily volume of 1,082 shares. The stock had previously closed at $3.6850.

Wall Street Analyst Weigh In

Several analysts have commented on PYTCF shares. Jefferies Financial Group lowered shares of Playtech to a “hold” rating in a research report on Tuesday, November 25th. Morgan Stanley cut shares of Playtech to an “underweight” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Playtech Trading Up 11.8%

The company’s fifty day moving average price is $3.66 and its 200-day moving average price is $4.40.

Playtech Company Profile

Playtech is a leading provider of software and services for the global online gambling and financial trading industries. The company offers a comprehensive suite of technology solutions designed to support online casinos, sports betting, poker, bingo and live dealer experiences. Through a unified back-office platform, Playtech enables operators to manage player accounts, payments, compliance and marketing across a diverse range of verticals and brands.

The company’s product portfolio includes a proprietary casino platform, a sportsbook engine, live dealer studios and a variety of branded slot and table games.