PlayAGS (NYSE:AGS) Shares Gap Down to $3.88

PlayAGS Inc (NYSE:AGS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $3.88, but opened at $3.76. PlayAGS shares last traded at $3.76, with a volume of 7 shares traded.

AGS has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their target price on shares of PlayAGS from $7.00 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Zacks Investment Research cut PlayAGS from a “buy” rating to a “hold” rating in a research note on Friday, July 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. PlayAGS presently has an average rating of “Buy” and a consensus target price of $8.45.

The firm has a 50-day moving average of $3.89 and a two-hundred day moving average of $3.96. The company has a quick ratio of 3.66, a current ratio of 4.50 and a debt-to-equity ratio of 8.94. The company has a market capitalization of $140.34 million, a PE ratio of -2.50 and a beta of 2.80.

A number of hedge funds have recently made changes to their positions in AGS. Tower Research Capital LLC TRC purchased a new position in PlayAGS in the 1st quarter valued at about $30,000. Raymond James Financial Services Advisors Inc. acquired a new stake in PlayAGS during the 2nd quarter worth $44,000. Jane Street Group LLC acquired a new stake in PlayAGS during the 1st quarter worth $35,000. Financial Advocates Investment Management acquired a new stake in PlayAGS during the 2nd quarter worth $54,000. Finally, Sei Investments Co. acquired a new stake in PlayAGS during the 2nd quarter worth $274,000. Institutional investors own 82.44% of the company’s stock.

PlayAGS Company Profile (NYSE:AGS)

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.

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