International Game Technology (NYSE:IGT) Sets New 52-Week Low at $12.28

International Game Technology PLC (NYSE:IGT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.28 and last traded at $12.35, with a volume of 23174 shares traded. The stock had previously closed at $12.53.

A number of analysts have recently issued reports on IGT shares. Credit Suisse Group reissued a “neutral” rating on shares of International Game Technology in a research note on Wednesday, March 20th. ValuEngine cut shares of International Game Technology from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $23.64.

The company has a market capitalization of $2.51 billion, a P/E ratio of 12.72, a PEG ratio of 1.11 and a beta of 1.36. The stock’s 50 day simple moving average is $13.31. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 2.66.

International Game Technology (NYSE:IGT) last posted its earnings results on Monday, May 20th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.11). The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. International Game Technology had a net margin of 2.56% and a return on equity of 7.19%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. As a group, sell-side analysts forecast that International Game Technology PLC will post 1.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.80 annualized dividend and a yield of 6.42%. International Game Technology’s payout ratio is 81.63%.

A number of institutional investors and hedge funds have recently bought and sold shares of IGT. Rhumbline Advisers lifted its stake in shares of International Game Technology by 2.1% in the 4th quarter. Rhumbline Advisers now owns 86,429 shares of the company’s stock valued at $1,264,000 after acquiring an additional 1,758 shares during the last quarter. Comerica Securities Inc. bought a new position in shares of International Game Technology in the 4th quarter valued at $798,000. Canada Pension Plan Investment Board lifted its stake in shares of International Game Technology by 11.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 17,010 shares of the company’s stock valued at $249,000 after acquiring an additional 1,810 shares during the last quarter. Comerica Bank bought a new position in shares of International Game Technology in the 4th quarter valued at $3,480,000. Finally, California Public Employees Retirement System lifted its stake in shares of International Game Technology by 2.9% in the 4th quarter. California Public Employees Retirement System now owns 321,954 shares of the company’s stock valued at $4,710,000 after acquiring an additional 9,035 shares during the last quarter. 41.65% of the stock is owned by institutional investors.

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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