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Playtech (LON:PTEC) Stock Passes Above 200 Day Moving Average - Time to Sell?

Playtech logo with Consumer Cyclical background

Shares of Playtech plc (LON:PTEC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

Playtech Price Performance

The stock has a market cap of £2.18 billion, a PE ratio of 2,380.00, a P/E/G ratio of 1.28 and a beta of 1.32. 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 business has a 50 day moving average price of GBX 727.57 and a two-hundred day moving average price of GBX 642.15.

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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