dotdigital Group (LON:DOTD) Share Price Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• dotdigital Group Plc's stock has fallen below its 200-day moving average, trading as low as GBX 68.20 ($0.92) with a current price of GBX 69.20 ($0.93).
• Despite this decline, Canaccord Genuity Group has reiterated a "buy" rating for the stock, setting a target price of GBX 150.
• The company has a market capitalization of £215.77 million and a price-to-earnings ratio of 19.49, indicating potential growth opportunities.

dotdigital Group Plc (LON:DOTD - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 76.77 ($1.04) and traded as low as GBX 68.20 ($0.92). dotdigital Group shares last traded at GBX 69.20 ($0.93), with a volume of 213,642 shares trading hands.

Analysts Set New Price Targets

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

dotdigital Group Stock Down 0.6%

The company has a market capitalization of £212.10 million, a PE ratio of 19.16, a PEG ratio of 11.36 and a beta of 1.16. The company's 50 day moving average is GBX 72.65 and its two-hundred day moving average is GBX 76.28. The company has a quick ratio of 3.94, a current ratio of 3.05 and a debt-to-equity ratio of 3.24.

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.