1Spatial (LON:SPA) Shares Cross Below 200 Day Moving Average - Time to Sell?

Key Points

• 1Spatial Plc's shares have fallen below their 200-day moving average, with recent trading around GBX 46.15 ($0.63).
• Analysts from Canaccord Genuity Group lowered their price target for 1Spatial from GBX 105 to GBX 95 while maintaining a "buy" rating.
• The company has a market capitalization of £51.41 million, and its average analyst rating remains a "Buy" with a price target of GBX 100.

Shares of 1Spatial Plc (LON:SPA - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 49.94 ($0.67) and traded as low as GBX 46.02 ($0.62). 1Spatial shares last traded at GBX 46.15 ($0.62), with a volume of 198,756 shares traded.

Wall Street Analysts Forecast Growth

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

1Spatial Stock Down 1.1%

The firm has a market capitalization of £51.24 million, a price-to-earnings ratio of 46,000.00 and a beta of 0.39. The company has a quick ratio of 0.63, a current ratio of 1.14 and a debt-to-equity ratio of 23.20. The firm has a 50 day moving average of GBX 47.14 and a two-hundred day moving average of GBX 49.63.

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.