Amaya Inc (AYA) Cut to “Buy” at ValuEngine

ValuEngine cut shares of Amaya Inc (TSE:AYA) (NYSE:AYA) from a strong-buy rating to a buy rating in a research report report published on Wednesday, May 24th, StockTargetPrices.com reports.

Separately, Desjardins boosted their price target on shares of Amaya to C$24.50 and gave the company a hold rating in a research report on Thursday, March 23rd.

Shares of Amaya (TSE:AYA) traded down 0.51% during trading on Wednesday, reaching $23.58. The company had a trading volume of 1,645,377 shares. Amaya has a 1-year low of $17.07 and a 1-year high of $27.91. The firm has a market capitalization of $3.45 billion and a PE ratio of 31.31. The firm has a 50-day moving average of $24.49 and a 200 day moving average of $21.12.

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In other news, insider David Baazov sold 2,700,000 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of C$22.00, for a total value of C$59,400,000.00. Also, Director Daniel Yaacov Sebag sold 110,200 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of C$22.75, for a total transaction of C$2,507,050.00. Over the last three months, insiders purchased 2,647,100 shares of company stock valued at $62,746,864 and sold 12,364,154 shares valued at $275,908,981.

Amaya Company Profile

Amaya Inc is a Canada-based provider of technology-based products and services in the global gaming and interactive entertainment industries. The Company’s business-to-consumer (B2C) business consists of the operations of Amaya Group Holding (IOM) Limited and its subsidiaries (collectively Rational Group).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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