International Game Technology PLC (NYSE:IGT) fell 2.9% during mid-day trading on Thursday . The stock traded as low as $11.77 and last traded at $11.43, 151,425 shares traded hands during trading. A decline of 94% from the average session volume of 2,459,198 shares. The stock had previously closed at $11.77.
Separately, ValuEngine upgraded shares of International Game Technology from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $23.58.
The firm’s 50-day moving average is $13.31 and its 200-day moving average is $14.08. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.83 and a quick ratio of 0.74. The company has a market capitalization of $2.69 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.28.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be given a $0.20 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.04%. International Game Technology’s payout ratio is currently 81.63%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Securities Inc. bought a new stake in International Game Technology during the 4th quarter worth approximately $798,000. Stifel Financial Corp bought a new position in International Game Technology in the 4th quarter valued at $295,000. Geode Capital Management LLC boosted its position in International Game Technology by 12.9% in the 4th quarter. Geode Capital Management LLC now owns 275,492 shares of the company’s stock valued at $4,029,000 after buying an additional 31,499 shares during the last quarter. Two Sigma Advisers LP bought a new position in International Game Technology in the 4th quarter valued at $336,000. Finally, FMR LLC boosted its position in International Game Technology by 145.6% in the 4th quarter. FMR LLC now owns 637,402 shares of the company’s stock valued at $9,325,000 after buying an additional 377,924 shares during the last quarter. Institutional investors and hedge funds own 41.76% of the company’s stock.
About International Game Technology (NYSE:IGT)
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy.
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