dotdigital Group (LON:DOTD) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• The stock price of dotdigital Group Plc has recently fallen below its 200-day moving average, with current trading at GBX 70.80 ($0.94).
• Despite the stock's decline, Canaccord Genuity Group has reaffirmed a "buy" rating with a price target of GBX 150 ($1.99).
• dotdigital Group's market capitalization is approximately £215.84 million, highlighting its significant presence in the marketing automation technology sector.

dotdigital Group Plc (LON:DOTD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 77.87 ($1.05) and traded as low as GBX 70.40 ($0.95). dotdigital Group shares last traded at GBX 70.80 ($0.95), with a volume of 350,117 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 150 ($2.02) price target on shares of dotdigital Group in a research report on Monday, July 28th.

dotdigital Group Price Performance

The company has a current ratio of 3.05, a quick ratio of 3.94 and a debt-to-equity ratio of 3.24. The company has a market cap of £213.94 million, a PE ratio of 19.32, a P/E/G ratio of 11.36 and a beta of 1.16. The firm has a 50 day moving average of GBX 75.21 and a two-hundred day moving average of GBX 77.61.

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.