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

Key Points

• 1Spatial Plc's stock price recently dipped below its 200-day moving average, trading at GBX 46.30 ($0.63) compared to the average of GBX 52.24 ($0.71).
• Canaccord Genuity Group has lowered its target price for 1Spatial shares from GBX 105 to GBX 95, while maintaining a "buy" rating.
• The stock holds a market capitalization of £52.34 million and a PE ratio of 34.78, reflecting a solid financial standing despite recent stock performance issues.

1Spatial Plc (LON:SPA - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 52.24 ($0.70) and traded as low as GBX 46.30 ($0.62). 1Spatial shares last traded at GBX 46.30 ($0.62), with a volume of 11,463 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their price objective on shares of 1Spatial from GBX 105 to GBX 95 and set a "buy" rating for the company in a research note on Monday, June 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price 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 company has a 50-day moving average price of GBX 47.30 and a 200-day moving average price of GBX 51.84. The firm has a market capitalization of £52.42 million, a PE ratio of 34.83 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.