PlayAGS (NYSE:AGS) Hits New 12-Month High – Still a Buy?

PlayAGS Inc (NYSE:AGS) shares reached a new 52-week high on Monday . The stock traded as high as $12.16 and last traded at $12.15, with a volume of 20438 shares trading hands. The stock had previously closed at $12.13.

PlayAGS Stock Performance

The company has a market capitalization of $500.87 million, a P/E ratio of 71.41 and a beta of 2.37. The company has a debt-to-equity ratio of 7.49, a quick ratio of 2.64 and a current ratio of 3.35. The business’s fifty day simple moving average is $12.04 and its 200-day simple moving average is $11.72.

PlayAGS (NYSE:AGS) last issued its earnings results on Thursday, March 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.88. The firm had revenue of $102.98 million for the quarter, compared to analysts’ expectations of $99.49 million. PlayAGS had a return on equity of 10.37% and a net margin of 1.89%. As a group, equities analysts anticipate that PlayAGS Inc will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of PlayAGS

Large investors have recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in PlayAGS by 34.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,113 shares of the company’s stock worth $47,000 after purchasing an additional 1,063 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of PlayAGS in the 4th quarter worth $91,000. FNY Investment Advisers LLC bought a new stake in shares of PlayAGS in the 4th quarter worth about $115,000. ProShare Advisors LLC purchased a new stake in shares of PlayAGS during the 4th quarter valued at about $128,000. Finally, Polymer Capital Management US LLC bought a new position in shares of PlayAGS in the 4th quarter valued at about $130,000. Institutional investors own 77.44% 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.