1Spatial (LON:SPA) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• 1Spatial Plc's stock price has fallen below its 200-day moving average of GBX 53.99, trading as low as GBX 48.67 ($0.65) recently.
• Analysts from Canaccord Genuity Group have lowered their price target for 1Spatial from GBX 105 to GBX 95 while maintaining a "buy" rating.
• The company's latest earnings report indicated an earnings per share of GBX 0.20, with analysts predicting an average of 2.58 earnings per share for the current fiscal year.

1Spatial Plc (LON:SPA - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 53.99 ($0.73) and traded as low as GBX 48.67 ($0.65). 1Spatial shares last traded at GBX 48.67 ($0.65), with a volume of 56,758 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered their target price on shares of 1Spatial from GBX 105 ($1.41) to GBX 95 ($1.28) and set a "buy" rating on the stock in a report on Monday, June 2nd.

1Spatial Trading Down 1.0%

The firm has a market cap of £55.67 million, a P/E ratio of 36.99 and a beta of 0.39. The company has a debt-to-equity ratio of 23.20, a current ratio of 1.14 and a quick ratio of 0.63. The stock has a 50 day moving average of GBX 47.57 and a 200 day moving average of GBX 53.47.

1Spatial Company Profile

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world.