International Game Technology (NYSE:IGT) Shares Down 2.9%

International Game Technology PLC (NYSE:IGT) shares fell 2.9% on Thursday . The company 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 raised shares of International Game Technology from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.58.

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 firm’s 50 day moving average is $13.31 and its 200 day moving average is $14.08. The firm has a market cap 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.



International Game Technology (NYSE:IGT) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.31 by $0.13. International Game Technology had a negative net margin of 0.72% and a positive return on equity of 8.51%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. International Game Technology’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that International Game Technology PLC will post 1.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Wednesday, August 14th. International Game Technology’s payout ratio is currently 81.63%.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in International Game Technology by 44.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,697 shares of the company’s stock worth $74,000 after acquiring an additional 1,751 shares in the last quarter. Investors Research Corp bought a new stake in International Game Technology during the first quarter worth about $100,000. NumerixS Investment Technologies Inc boosted its stake in International Game Technology by 12.8% during the first quarter. NumerixS Investment Technologies Inc now owns 8,800 shares of the company’s stock worth $112,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in International Game Technology by 37.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,048 shares of the company’s stock worth $117,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Trellus Management Company LLC bought a new stake in International Game Technology during the second quarter worth about $130,000. 41.76% of the stock is currently owned by institutional investors and hedge funds.

International Game Technology Company Profile (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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