International Game Technology (NYSE:IGT) Hits New 52-Week Low - Should You Sell?

International Game Technology PLC (NYSE:IGT - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $18.52 and last traded at $18.52, with a volume of 1050 shares. The stock had previously closed at $18.70.

Analyst Ratings Changes

Separately, StockNews.com raised shares of International Game Technology from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.67.

International Game Technology Stock Down 4.0 %

The company has a current ratio of 2.36, a quick ratio of 2.31 and a debt-to-equity ratio of 2.85. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 30.80 and a beta of 1.91. The stock's 50-day moving average is $20.09 and its 200-day moving average is $20.82.

International Game Technology (NYSE:IGT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.24). International Game Technology had a net margin of 4.17% and a return on equity of 16.17%. The company had revenue of $587.00 million for the quarter, compared to analyst estimates of $591.50 million. During the same quarter in the prior year, the company posted $0.52 EPS. International Game Technology's revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts anticipate that International Game Technology PLC will post 1 earnings per share for the current fiscal year.

International Game Technology Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Tuesday, November 26th. International Game Technology's dividend payout ratio is currently 133.33%.

Institutional Trading of International Game Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Signaturefd LLC bought a new stake in shares of International Game Technology during the third quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in International Game Technology during the 2nd quarter worth approximately $31,000. Blue Trust Inc. purchased a new stake in shares of International Game Technology in the second quarter worth approximately $44,000. Industrial Alliance Investment Management Inc. lifted its holdings in shares of International Game Technology by 100.9% in the second quarter. Industrial Alliance Investment Management Inc. now owns 2,310 shares of the company's stock valued at $47,000 after purchasing an additional 1,160 shares in the last quarter. Finally, CWM LLC boosted its position in shares of International Game Technology by 156.7% during the second quarter. CWM LLC now owns 2,321 shares of the company's stock valued at $47,000 after buying an additional 1,417 shares during the last quarter. Institutional investors own 44.33% of the company's stock.

International Game Technology Company Profile

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services.