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

Key Points

• 1Spatial Plc's stock price has dropped below its 200-day moving average, currently trading at GBX 47.89 ($0.65), down from a moving average of GBX 53.11 ($0.72).
• Canaccord Genuity Group has downgraded their price target for the stock from GBX 105 ($1.42) to GBX 95 ($1.29) while maintaining a "buy" rating.
• The company, specializing in Location Master Data Management (LMDM) solutions for government and utility sectors, has a market capitalization of £54.07 million.

1Spatial Plc (LON:SPA - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 53.11 ($0.72) and traded as low as GBX 47.04 ($0.64). 1Spatial shares last traded at GBX 47.89 ($0.65), with a volume of 152,149 shares trading hands.

Analysts Set New Price Targets

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

1Spatial Trading Down 2.5%

The business's 50-day moving average price is GBX 47.47 and its two-hundred day moving average price is GBX 52.62. 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 firm has a market cap of £52.37 million, a price-to-earnings ratio of 34.80 and a beta of 0.39.

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.