PlayAGS (NYSE:AGS) Reaches New 12-Month High – Time to Buy?

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

PlayAGS Price Performance

The company has a current ratio of 3.35, a quick ratio of 2.64 and a debt-to-equity ratio of 7.49. The business’s 50 day moving average price is $12.02 and its two-hundred day moving average price is $11.71. The stock has a market cap of $500.87 million, a P/E ratio of 71.41 and a beta of 2.37.

PlayAGS (NYSE:AGS) last announced 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 return on equity of 10.37% and a net margin of 1.89%. The firm had revenue of $102.98 million during the quarter, compared to analyst estimates of $99.49 million. As a group, sell-side analysts expect that PlayAGS Inc will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PlayAGS

A number of hedge funds and other institutional investors have recently bought and sold shares of AGS. Decagon Asset Management LLP bought a new stake in shares of PlayAGS in the 4th quarter worth approximately $18,933,000. Emmett Investment Management LP bought a new stake in PlayAGS in the fourth quarter worth $9,655,000. Alliancebernstein L.P. boosted its holdings in PlayAGS by 84.4% in the fourth quarter. Alliancebernstein L.P. now owns 889,951 shares of the company’s stock worth $10,261,000 after acquiring an additional 407,203 shares in the last quarter. CIBRA Capital Ltd purchased a new stake in shares of PlayAGS in the fourth quarter worth $4,509,000. Finally, Barclays PLC increased its holdings in shares of PlayAGS by 161.7% during the third quarter. Barclays PLC now owns 548,073 shares of the company’s stock valued at $6,243,000 after acquiring an additional 338,642 shares in the last quarter. Hedge funds and other 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.