Stocks of International Game Technology PLC (NYSE:IGT) traded higher last session on Wall Street, down -4.55% to $20.75.
IGT stock price is now -19.72% away from the 50-day moving average and -28.06% away from the 200-day moving average. The market capitalization of the company currently stands at $4.16B.
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With the price target reduced from $31 to $30, Stifel Downgraded its rating from Buy to Hold for International Game Technology PLC (NYSE: IGT). On March 01, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $32 to quote $30, while ‘Jefferies’ rates the stock as ‘Hold’
A total of 48.24% of the company’s stock is owned by insiders.
During the past 12 months, International Game Technology PLC has had a low of $21.67 and a high of $33.99. As of last week, the company has a debt-to-equity ratio of 4.05, a current ratio of 1.14, and a quick ratio of 0.96. According to the stock market information, the enterprise value for the company is $9.51B, which is based on a 42.98 price-to-earnings ratio, a 1.28 price-to-earnings-growth ratio, and a beta of 1.98. The fifty day moving average price for IGT is $25.71 and a two-hundred day moving average price translates $28.82 for the stock.
The latest earnings results from International Game Technology PLC (NYSE: IGT) was released for Dec, 2023. According to the Gambling Company, earnings per share came in at $0.56, beating analysts’ expectations of $0.41 by 0.15. This compares to -$0.14 EPS in the same period last year. The net profit margin was 2.32% and return on equity was 6.45% for IGT. The company reported revenue of $1.13 billion for the quarter, compared to $1.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.39 percent. For the current quarter, analysts expect IGT to generate $1.03B in revenue.
