1Spatial (LON:SPA) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• 1Spatial Plc shares fell below their 200-day moving average, trading at GBX 48.44 ($0.65), with a recent low of GBX 47.20 ($0.63).
• Canaccord Genuity reduced their price target for 1Spatial from GBX 105 to GBX 95, while maintaining a "buy" rating for the stock.
• The company has a market cap of £52.48 million and is recognized as a leader in providing Location Master Data Management software solutions.

Shares of 1Spatial Plc (LON:SPA - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 49.31 ($0.66) and traded as low as GBX 47.20 ($0.63). 1Spatial shares last traded at GBX 48.44 ($0.65), with a volume of 512 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on shares of 1Spatial from GBX 105 to GBX 95 and set a "buy" rating for the company in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 100.

1Spatial Stock Performance

The firm has a market cap of £52.48 million, a PE ratio of 47,110.00 and a beta of 0.39. The company has a current ratio of 1.14, a quick ratio of 0.63 and a debt-to-equity ratio of 23.20. The firm's 50 day simple moving average is GBX 47.23 and its 200 day simple moving average is GBX 49.31.

About 1Spatial

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.

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