Playtech (LON:PTEC) Stock Price Up 10.2% - Here's What Happened

Playtech plc (LON:PTEC - Get Free Report)'s stock price was up 10.2% during mid-day trading on Tuesday . The company traded as high as GBX 354.50 and last traded at GBX 351.50. Approximately 1,682,517 shares traded hands during trading, a decline of 63% from the average daily volume of 4,554,998 shares. The stock had previously closed at GBX 319.Wall Street Analyst Weigh InA number of brokerages have weighed in on PTEC. Deutsche Bank Aktiengesellschaft cut their price target on shares of Playtech from GBX 433 to GBX 390 and set a "buy" rating for the company in a report on Friday, January 23rd. Jefferies Financial Group cut shares of Playtech to a "hold" rating and reduced their target price for the stock from GBX 405 to GBX 240 in a report on Tuesday, November 25th.View Our Latest Analysis on PTECPlaytech Trading Up 10.2%The company has a 50 day moving average of GBX 282.45 and a 200 day moving average of GBX 323.19. The firm has a market cap of £992.89 million, a P/E ratio of 0.60, a PEG ratio of 1.28 and a beta of 1.26. The company has a debt-to-equity ratio of 40.06, a quick ratio of 1.09 and a current ratio of 1.55. About Playtech (Get Free Report)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.Featured ArticlesFive stocks we like better than PlaytechThey’ve Built Major Gold Stories Before - And They’re Doing It AgainTrump’s AI Secret: 100X Faster Than NvidiaNvidia CEO Issues Bold Tesla CallWall Street Turns Bullish on USAU as Gold Hits New Record!How to collect $500-$800 weekly (BlackRock's system)This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Playtech Right Now?Before you consider Playtech, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Playtech wasn't on the list.While Playtech currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here