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Celebrus Technologies (LON:CLBS) Trading 14.4% Higher - Here's Why

Celebrus Technologies logo with Computer and Technology background

Celebrus Technologies plc (LON:CLBS - Get Free Report)'s stock price rose 14.4% during mid-day trading on Tuesday . The company traded as high as GBX 170 ($2.29) and last traded at GBX 168.80 ($2.28). Approximately 161,773 shares were traded during mid-day trading, an increase of 152% from the average daily volume of 64,315 shares. The stock had previously closed at GBX 147.50 ($1.99).

Wall Street Analysts Forecast Growth

CLBS has been the subject of a number of research analyst reports. Shore Capital reissued a "no recommendation" rating on shares of Celebrus Technologies in a research note on Tuesday. Canaccord Genuity Group raised Celebrus Technologies to a "buy" rating and set a GBX 290 ($3.91) target price for the company in a research note on Tuesday.

Get Our Latest Report on CLBS

Celebrus Technologies Price Performance

The company has a market capitalization of £67.57 million, a price-to-earnings ratio of 16.75 and a beta of 1.34. The firm has a 50-day moving average price of GBX 167.60 and a two-hundred day moving average price of GBX 205.

Celebrus Technologies (LON:CLBS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 8th. The company reported GBX 18.30 ($0.25) earnings per share for the quarter. Celebrus Technologies had a return on equity of 14.32% and a net margin of 12.37%.

Celebrus Technologies Company Profile

(Get Free Report)

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.

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