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PlayAGS (NYSE:AGS) Hits New 1-Year High - Time to Buy?

PlayAGS logo with Consumer Discretionary background

PlayAGS Inc (NYSE:AGS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.32 and last traded at $12.32, with a volume of 157335 shares changing hands. The stock had previously closed at $12.24.

PlayAGS Stock Performance

The stock's 50-day moving average price is $12.11 and its 200-day moving average price is $11.94. The company has a market capitalization of $510.57 million, a price-to-earnings ratio of 72.79 and a beta of 1.46. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35.

PlayAGS (NYSE:AGS - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.88. The firm had revenue of $102.98 million during the quarter, compared to analysts' expectations of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. As a group, equities research analysts expect that PlayAGS Inc will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGS. Summit Investment Advisors Inc. raised its position in PlayAGS by 34.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company's stock worth $47,000 after acquiring an additional 1,063 shares during the last quarter. Quantbot Technologies LP acquired a new stake in PlayAGS during the 4th quarter valued at $91,000. ProShare Advisors LLC purchased a new position in PlayAGS during the fourth quarter worth $128,000. Entropy Technologies LP purchased a new position in PlayAGS during the first quarter worth $128,000. Finally, Polymer Capital Management US LLC acquired a new position in shares of PlayAGS in the fourth quarter worth $130,000. 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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