Playtech (LON:PTEC) Shares Pass Above 200-Day Moving Average – What’s Next?

Playtech plc (LON:PTECGet Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 640.56 ($8.03) and traded as high as GBX 720 ($9.02). Playtech shares last traded at GBX 714 ($8.95), with a volume of 195,225 shares changing hands.

Playtech Price Performance

The company has a market cap of £2.17 billion, a price-to-earnings ratio of 2,370.00, a PEG ratio of 1.28 and a beta of 1.32. The stock’s 50-day simple moving average is GBX 727.15 and its 200 day simple moving average is GBX 643.78. The company has a quick ratio of 1.09, a current ratio of 1.55 and a debt-to-equity ratio of 40.07.

About Playtech

(Get Free Report)

Playtech plc, a technology company, provides gambling software, services, content, and platform technologies worldwide. The company offers technologies across various product verticals, including live casino, sports, bingo, virtual sports, and poker. It also owns the intellectual property rights and licenses the software; provides digital marketing and advertising, consulting and online technical support, data mining processing, turnkey, live game, and video stream services; and operates betting shops.

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