PlayAGS (NYSE:AGS) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of PlayAGS (NYSE:AGS) from a buy rating to a hold rating in a research report report published on Tuesday morning, reports.

According to Zacks, “PlayAGS, Inc. is a designer and supplier of electronic gaming machines and other products and services for the gaming industry. The company’s product line-up includes Class III EGMs for commercial and Native American casinos, video bingo machines for select international markets, table game products and interactive social casino products. PlayAGS, Inc. is headquartered in Las Vegas, Nevada. “

Several other brokerages have also weighed in on AGS. Credit Suisse Group reaffirmed a neutral rating and set a $108.00 price objective on shares of Wynn Resorts in a research report on Wednesday, March 20th. Roth Capital lifted their price target on shares of Dmc Global from $50.00 to $70.00 and gave the company a buy rating in a research report on Monday, April 8th. ValuEngine raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Tuesday, April 30th. Finally, Deutsche Bank reissued a buy rating and issued a $31.00 price target on shares of PlayAGS in a research report on Sunday, May 12th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $33.00.

Shares of AGS opened at $20.65 on Tuesday. The company has a market capitalization of $741.86 million, a price-to-earnings ratio of -137.67, a PEG ratio of 2.92 and a beta of 0.87. The company’s 50 day simple moving average is $19.28. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.36 and a current ratio of 1.91. PlayAGS has a twelve month low of $17.49 and a twelve month high of $32.80.

In other news, CEO David Lopez sold 6,144 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $20.98, for a total value of $128,901.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Optimum Investment Advisors bought a new position in shares of PlayAGS in the first quarter valued at about $36,000. Great West Life Assurance Co. Can acquired a new position in shares of PlayAGS in the 4th quarter valued at approximately $54,000. Legal & General Group Plc grew its position in shares of PlayAGS by 20.6% in the 4th quarter. Legal & General Group Plc now owns 4,465 shares of the company’s stock valued at $103,000 after purchasing an additional 764 shares during the period. BNP Paribas Arbitrage SA acquired a new position in shares of PlayAGS in the 1st quarter valued at approximately $109,000. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of PlayAGS in the 1st quarter valued at approximately $128,000. Hedge funds and other institutional investors own 98.12% of the company’s stock.

PlayAGS Company Profile

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Their roots are firmly planted in the Class II Native American gaming market, but their customer-centric culture and growth have helped them branch out to become a leading all-inclusive commercial gaming supplier.

Further Reading: Price-Sales Ratio

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