PlayAGS (NYSE:AGS) Reaches New 12-Month High – Time to Buy?

PlayAGS Inc (NYSE:AGS) shares reached a new 52-week high during trading on Monday . The stock traded as high as $12.16 and last traded at $12.15, with a volume of 20438 shares. The stock had previously closed at $12.13.

PlayAGS Stock Performance

The business has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $11.71. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35. The company has a market cap of $500.87 million, a P/E ratio of 71.41 and a beta of 2.37.

PlayAGS (NYSE:AGS) last released its quarterly earnings data on Thursday, March 6th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.88. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. The firm had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. On average, sell-side analysts anticipate that PlayAGS Inc will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On PlayAGS

A number of hedge funds have recently modified their holdings of the company. CIBRA Capital Ltd bought a new stake in shares of PlayAGS in the fourth quarter worth about $4,509,000. Polar Asset Management Partners Inc. grew its position in shares of PlayAGS by 1,200.0% in the 4th quarter. Polar Asset Management Partners Inc. now owns 325,000 shares of the company’s stock worth $3,747,000 after buying an additional 300,000 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of PlayAGS by 114.1% during the fourth quarter. Squarepoint Ops LLC now owns 139,648 shares of the company’s stock valued at $1,610,000 after buying an additional 74,411 shares during the period. Two Sigma Advisers LP raised its holdings in shares of PlayAGS by 92.2% during the fourth quarter. Two Sigma Advisers LP now owns 545,800 shares of the company’s stock valued at $6,293,000 after acquiring an additional 261,800 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in shares of PlayAGS during the fourth quarter valued at approximately $197,000. Hedge funds and other institutional investors own 77.44% of the company’s stock.

PlayAGS Company Profile

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.