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

dotdigital Group logo with Computer and Technology background

Key Points

  • dotdigital Group's share price has dropped below its 200-day moving average of GBX 75.23, trading as low as GBX 65 on Friday.
  • Despite the recent decline, Canaccord Genuity Group maintains a "buy" rating with a target price of GBX 150 for dotdigital Group shares.
  • Dotdigital Group plc has a market cap of £204.19 million and a notably high price-to-earnings ratio of 1,849.58, indicating potential volatility in its stock performance.
  • MarketBeat previews top five stocks to own in October.

Shares of dotdigital Group Plc (LON:DOTD - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 75.23 ($1.02) and traded as low as GBX 65 ($0.88). dotdigital Group shares last traded at GBX 66.40 ($0.90), with a volume of 457,807 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 150 price objective on shares of dotdigital Group in a report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 150.

Get Our Latest Stock Report on dotdigital Group

dotdigital Group Stock Performance

The company has a market cap of £204.19 million, a price-to-earnings ratio of 1,849.58, a price-to-earnings-growth ratio of 11.36 and a beta of 1.16. The firm has a 50-day simple moving average of GBX 71.48 and a 200 day simple moving average of GBX 75.23. The company has a quick ratio of 3.94, a current ratio of 3.05 and a debt-to-equity ratio of 3.24.

dotdigital Group Company Profile

(Get Free Report)

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.

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