1Spatial (LON:SPA) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• 1Spatial Plc shares fell below the 200-day moving average of GBX 50.56, trading as low as GBX 46.02 during recent sessions.
• Canaccord Genuity Group has lowered their price target for 1Spatial from GBX 105 to GBX 95 while maintaining a "buy" rating on the stock.
• The company's market capitalization stands at £51.40 million, with a high P/E ratio of 46,140.00 and a debt-to-equity ratio of 23.20.

1Spatial Plc (LON:SPA - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 50.56 ($0.69) and traded as low as GBX 46.02 ($0.62). 1Spatial shares last traded at GBX 46.14 ($0.63), with a volume of 3,120 shares traded.

Analysts Set New Price Targets

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

1Spatial Price Performance

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's fifty day simple moving average is GBX 47.03 and its 200-day simple moving average is GBX 50.11. The company has a market capitalization of £52.06 million, a P/E ratio of 46,730.00 and a beta of 0.39.

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.