Playtech (LON:PTEC) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Posted by ABMN Staff on Jan 6th, 2026

Shares of Playtech plc (LON:PTEC – Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 268.09 and traded as high as GBX 276.50. Playtech shares last traded at GBX 271.50, with a volume of 496,754 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PTEC shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Playtech from GBX 417 to GBX 433 and gave the stock a “buy” rating in a research note on Thursday, September 11th. Jefferies Financial Group cut shares of Playtech to a “hold” rating and decreased their price target for the stock from GBX 405 to GBX 240 in a report on Tuesday, November 25th.

Check Out Our Latest Analysis on PTEC

Playtech Trading Down 2.4%

The company has a market capitalization of £766.18 million, a PE ratio of 0.46, a PEG ratio of 1.28 and a beta of 1.26. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 40.06. The stock has a fifty day moving average of GBX 268.09 and a two-hundred day moving average of GBX 339.76.

Playtech declared that its Board of Directors has approved a share repurchase plan on Thursday, September 25th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.