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PlayAGS (NYSE:AGS) Sets New 12-Month High - Here's What Happened

PlayAGS logo with Consumer Discretionary background

Shares of PlayAGS, Inc. (NYSE:AGS - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $12.41 and last traded at $12.40, with a volume of 240878 shares. The stock had previously closed at $12.39.

PlayAGS Price Performance

The stock has a market cap of $511.42 million, a price-to-earnings ratio of 10.59 and a beta of 1.46. The company has a debt-to-equity ratio of 4.51, a current ratio of 3.97 and a quick ratio of 3.26. The stock's 50 day simple moving average is $12.19 and its two-hundred day simple moving average is $11.98.

Hedge Funds Weigh In On PlayAGS

Several hedge funds have recently added to or reduced their stakes in the stock. Decagon Asset Management LLP bought a new position in PlayAGS during the 4th quarter worth approximately $18,933,000. Emmett Investment Management LP acquired a new stake in PlayAGS in the fourth quarter worth $9,655,000. Alliancebernstein L.P. raised its holdings in PlayAGS by 84.4% in the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company's stock worth $10,261,000 after purchasing an additional 407,203 shares during the period. CIBRA Capital Ltd bought a new position in shares of PlayAGS during the fourth quarter worth $4,509,000. Finally, Tabor Asset Management LP acquired a new position in shares of PlayAGS in the 1st quarter valued at $4,544,000. Institutional investors and hedge funds own 77.44% of the company's stock.

PlayAGS Company Profile

(Get Free Report)

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

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