Paddy Power Betfair (LON:PPB) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Paddy Power Betfair PLC (LON:PPBGet Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 5,676 ($73.04) and traded as low as GBX 5,648 ($72.68). Paddy Power Betfair shares last traded at GBX 5,676 ($73.04), with a volume of 388,508 shares trading hands.

Paddy Power Betfair Stock Performance

The company has a debt-to-equity ratio of 6.73, a current ratio of 0.64 and a quick ratio of 0.24. The company has a 50 day simple moving average of GBX 5,676 and a 200-day simple moving average of GBX 5,676. The stock has a market capitalization of £4.74 billion and a P/E ratio of 23.61.

Paddy Power Betfair Company Profile

(Get Free Report)

Paddy Power Betfair plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through Online, Australia, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services.

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