Playags (AGS) Hits New 52-Week High at $26.15

Playags Inc (NYSE:AGS) shares hit a new 52-week high on Monday . The stock traded as high as $26.15 and last traded at $25.44, with a volume of 1989 shares trading hands. The stock had previously closed at $25.50.

Several research analysts have weighed in on the company. Bank of America lifted their target price on Playags from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 4th. ValuEngine upgraded Playags from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. Deutsche Bank lifted their target price on Playags from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Stifel Nicolaus lifted their target price on Playags from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, Jefferies Financial Group assumed coverage on Playags in a research note on Tuesday, February 20th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.75.

The company has a quick ratio of 2.08, a current ratio of 2.91 and a debt-to-equity ratio of 3.37. The company has a market cap of $891.11 million and a price-to-earnings ratio of -13.30.



Playags (NYSE:AGS) last posted its quarterly earnings results on Thursday, May 3rd. The company reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.02. The business had revenue of $64.86 million during the quarter, compared to analysts’ expectations of $60.83 million. analysts forecast that Playags Inc will post -0.26 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of AGS. Caledonia Private Investments Pty Ltd purchased a new stake in shares of Playags in the first quarter valued at approximately $37,447,000. Park West Asset Management LLC purchased a new stake in shares of Playags in the first quarter valued at approximately $18,514,000. BlackRock Inc. purchased a new stake in shares of Playags in the first quarter valued at approximately $13,988,000. Principal Financial Group Inc. purchased a new stake in shares of Playags in the first quarter valued at approximately $12,030,000. Finally, RWC Asset Management LLP purchased a new stake in shares of Playags in the first quarter valued at approximately $7,052,000.

About Playags

PlayAGS, Inc designs and supplies electronic gaming machines (EGMs), and other products and services for the gaming industry in the United States and internationally. It operates in three segments: EGMs, Table Products, and Interactive. The EGM segment offers various video slot titles, which include ICON, Halo, Colossal Diamonds cabinet, and Orion; and conversion kits that allow existing game titles to be converted to other game titles offered within that operating platform.

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