Playtech - PTEC Share Forecast, Price & News

Playtech Plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including casino, live casino, sports betting, virtual sports, bingo, 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. In addition, the company designs, develops, and sells software. Playtech Plc was founded in 1999 and is based in Douglas, the Isle of Man.

Playtech Trading Up 3.1 %

LON:PTEC traded up GBX 14.40 ($0.17) during midday trading on Friday, reaching GBX 484 ($5.85). 510,624 shares of the stock traded hands, compared to its average volume of 774,891. The company has a fifty day moving average of GBX 510.76 and a 200 day moving average of GBX 561.21. Playtech has a 12 month low of GBX 380.20 ($4.59) and a 12 month high of GBX 775 ($9.36). The company has a debt-to-equity ratio of 71.60, a quick ratio of 0.93 and a current ratio of 1.62. The stock has a market capitalization of £1.45 billion and a P/E ratio of 254.74.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Playtech to a "buy" rating and lowered their price objective for the stock from GBX 693 ($8.37) to GBX 602 ($7.27) in a report on Monday, August 8th.

Insider Activity at Playtech

In other news, insider John Krumins purchased 8,000 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was bought at an average cost of GBX 467 ($5.64) per share, for a total transaction of £37,360 ($45,142.58). In other Playtech news, insider Andrew Smith sold 84,875 shares of the company's stock in a transaction on Monday, August 1st. The shares were sold at an average price of GBX 488 ($5.90), for a total value of £414,190 ($500,471.24). Also, insider John Krumins acquired 8,000 shares of the firm's stock in a transaction on Tuesday, August 9th. The stock was bought at an average price of GBX 467 ($5.64) per share, with a total value of £37,360 ($45,142.58).