PlayAGS (NYSE:AGS) Hits New 1-Year High – Here’s Why

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

PlayAGS Stock Performance

The business has a 50-day simple moving average of $12.04 and a 200 day simple moving average of $11.72. The company has a debt-to-equity ratio of 7.49, a current ratio of 3.35 and a quick ratio of 2.64. The firm has a market cap of $500.87 million, a PE ratio of 71.41 and a beta of 2.37.

PlayAGS (NYSE:AGS) last released 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. PlayAGS had a net margin of 1.89% and a return on equity of 10.37%. The company had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. Equities research analysts forecast that PlayAGS Inc will post 0.31 EPS for the current year.

Institutional Trading of PlayAGS

Several institutional investors and hedge funds have recently modified their holdings of AGS. Decagon Asset Management LLP purchased a new stake in PlayAGS in the 4th quarter worth $18,933,000. Emmett Investment Management LP purchased a new stake in shares of PlayAGS during the fourth quarter worth about $9,655,000. Alliancebernstein L.P. grew its position in shares of PlayAGS by 84.4% during the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company’s stock worth $10,261,000 after purchasing an additional 407,203 shares in the last quarter. CIBRA Capital Ltd bought a new stake in PlayAGS during the 4th quarter valued at approximately $4,509,000. Finally, Barclays PLC lifted its holdings in PlayAGS by 161.7% in the 3rd quarter. Barclays PLC now owns 548,073 shares of the company’s stock worth $6,243,000 after purchasing an additional 338,642 shares in the last quarter. 77.44% of the stock is currently owned by institutional investors.

About PlayAGS

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.