dotdigital Group (LON:DOTD) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• dotdigital Group's stock has fallen below its 200-day moving average, trading at GBX 67.80 ($0.90), which is significantly lower than the average of GBX 73.54 ($0.98).
• Analysts maintain a generally positive outlook with a "buy" rating from Canaccord Genuity Group and a consensus price target of GBX 150.
• Dotdigital Group, which focuses on marketing automation technology, holds a market cap of £208.37 million and a notably high price-to-earnings ratio of 1,885.68.

Shares of dotdigital Group Plc (LON:DOTD - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.54 ($0.98) and traded as low as GBX 67.20 ($0.89). dotdigital Group shares last traded at GBX 67.80 ($0.90), with a volume of 273,154 shares changing hands.

Analyst Upgrades and Downgrades

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

dotdigital Group Stock Performance

The stock's 50-day moving average is GBX 68.33 and its 200-day moving average is GBX 73.54. The stock has a market cap of £208.37 million, a price-to-earnings ratio of 1,885.68, a price-to-earnings-growth ratio of 11.36 and a beta of 1.16. The company has a debt-to-equity ratio of 3.24, a current ratio of 3.05 and a quick ratio of 3.94.

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.

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