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PlayAGS (NYSE:AGS) Sets New 1-Year High - Here's What Happened

PlayAGS logo with Consumer Discretionary background

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

PlayAGS Price Performance

The stock has a market capitalization of $511.21 million, a price-to-earnings ratio of 10.59 and a beta of 1.46. The company has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $12.00. The company has a debt-to-equity ratio of 4.51, a quick ratio of 3.26 and a current ratio of 3.97.

Hedge Funds Weigh In On PlayAGS

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. lifted its stake in shares of PlayAGS by 34.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company's stock valued at $47,000 after purchasing an additional 1,063 shares during the period. Quantbot Technologies LP acquired a new stake in shares of PlayAGS during the 4th quarter worth approximately $91,000. ProShare Advisors LLC bought a new stake in shares of PlayAGS in the 4th quarter valued at $128,000. Entropy Technologies LP acquired a new position in shares of PlayAGS during the 1st quarter valued at $128,000. Finally, Polymer Capital Management US LLC acquired a new position in shares of PlayAGS during the 4th quarter valued at $130,000. Institutional investors and hedge funds own 77.44% of the company's stock.

About PlayAGS

(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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