dotdigital Group (LON:DOTD) Stock Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• dotdigital Group's share price has fallen below its 200-day moving average of GBX 77.42, with recent trading as low as GBX 68.
• Analysts at Canaccord Genuity Group maintain a "buy" rating on the stock, setting a price target of GBX 150.
• The company's stock has a market capitalization of £208.84 million and a debt-to-equity ratio of 3.24, highlighting its financial leverage.

dotdigital Group Plc (LON:DOTD - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 77.42 ($1.05) and traded as low as GBX 68 ($0.92). dotdigital Group shares last traded at GBX 69 ($0.93), with a volume of 313,800 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 150 ($2.03) target price on shares of dotdigital Group in a report on Monday, July 28th.

dotdigital Group Stock Up 0.3%

The firm has a market cap of £209.66 million, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 11.36 and a beta of 1.16. The company has a quick ratio of 3.94, a current ratio of 3.05 and a debt-to-equity ratio of 3.24. The firm has a fifty day moving average of GBX 74.06 and a 200-day moving average of GBX 77.26.

About dotdigital Group

Dotdigital Group plc AIM: DOTD is a leading provider of cross-channel marketing automation technology to marketing professionals. Dotdigital's customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale.