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Playtech (LON:PTEC) Shares Pass Above 200 Day Moving Average - Here's Why

Playtech logo with Consumer Cyclical background

Playtech plc (LON:PTEC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 652.48 ($8.11) and traded as high as GBX 717 ($8.91). Playtech shares last traded at GBX 712.06 ($8.85), with a volume of 194,645 shares changing hands.

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 £2.16 billion, a price-to-earnings ratio of 2,358.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company has a 50-day moving average price of GBX 724.97 and a 200-day moving average price of GBX 652.86.

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.

Further Reading

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