1Spatial (LON:SPA) Stock Price Down 9.8% - Here's What Happened

1Spatial Plc (LON:SPA - Get Free Report) dropped 9.8% during trading on Wednesday . The company traded as low as GBX 44.15 ($0.59) and last traded at GBX 46 ($0.61). Approximately 695,887 shares were traded during trading, an increase of 204% from the average daily volume of 228,605 shares. The stock had previously closed at GBX 51 ($0.68).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 105 ($1.40) price objective on shares of 1Spatial in a research note on Wednesday, March 19th.

1Spatial Price Performance

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 stock's 50-day moving average is GBX 53.18 and its 200-day moving average is GBX 62.99. The firm has a market cap of £55.38 million, a P/E ratio of 36.80 and a beta of 0.39.

1Spatial (LON:SPA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported GBX 0.20 ($0.00) earnings per share (EPS) for the quarter. 1Spatial had a net margin of 4.54% and a return on equity of 8.11%. As a group, equities analysts anticipate that 1Spatial Plc will post 2.5783133 EPS for the current fiscal year.

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.