Foxtons Group (LON:FOXT) Stock Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Foxtons Group's stock price dropped below its 200-day moving average, trading as low as GBX 57.29 ($0.76), while the current trading price is GBX 58 ($0.77).
• Deutsche Bank reissued a "buy" rating for Foxtons Group, with a price target of GBX 78 ($1.04).
• The company reported a net margin of 4.69% and a return on equity of 5.66% for its latest earnings release.

Shares of Foxtons Group plc (LON:FOXT - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 62.37 ($0.84) and traded as low as GBX 57.29 ($0.77). Foxtons Group shares last traded at GBX 58 ($0.78), with a volume of 1,452,510 shares.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 78 ($1.05) target price on shares of Foxtons Group in a report on Thursday, July 31st.

Foxtons Group Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.70 and a debt-to-equity ratio of 44.83. The firm has a market capitalization of £174.93 million, a price-to-earnings ratio of 23.98, a P/E/G ratio of 0.83 and a beta of 1.70. The company has a fifty day moving average price of GBX 62.42 and a two-hundred day moving average price of GBX 62.14.

Foxtons Group (LON:FOXT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported GBX 2.70 ($0.04) earnings per share for the quarter. Foxtons Group had a net margin of 4.69% and a return on equity of 5.66%. On average, equities research analysts expect that Foxtons Group plc will post 5.4191363 EPS for the current fiscal year.

About Foxtons Group

Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Financial Services. The Lettings segment engages in letting and management of residential properties. The Sales segment sells residential properties.