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Playtech (LON:PTEC) Share Price Passes Above 200 Day Moving Average - Here's Why

Playtech logo with Consumer Cyclical background

Playtech plc (LON:PTEC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 563 ($7.31) and traded as high as GBX 736 ($9.56). Playtech shares last traded at GBX 727 ($9.44), with a volume of 271,766 shares traded.

Playtech Price Performance

The company has a debt-to-equity ratio of 40.07, a quick ratio of 1.09 and a current ratio of 1.55. The company has a market capitalization of £2.23 billion, a PE ratio of 2,427.30, a P/E/G ratio of 1.28 and a beta of 1.32. The company's 50-day simple moving average is GBX 696.37 and its 200-day simple moving average is GBX 563.

About Playtech

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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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