Future (LON:FUTR) Shares Down 10.3% - What's Next?

Future plc (LON:FUTR - Get Free Report) shares dropped 10.3% during mid-day trading on Saturday . The company traded as low as GBX 668 ($8.97) and last traded at GBX 668 ($8.97). Approximately 2,912,707 shares traded hands during mid-day trading, an increase of 300% from the average daily volume of 728,349 shares. The stock had previously closed at GBX 745 ($10.00).

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Future to a "hold" rating and set a GBX 733 ($9.84) price target on the stock in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of GBX 1,060 ($14.23).

Future Trading Up 0.3%

The business has a 50 day simple moving average of GBX 734.13 and a 200 day simple moving average of GBX 861.02. The company has a debt-to-equity ratio of 31.50, a current ratio of 0.69 and a quick ratio of 0.60. The company has a market cap of £708.36 million, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.01.

Insider Activity at Future

In other Future news, insider Sharjeel Suleman sold 5,792 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of GBX 662 ($8.89), for a total transaction of £38,343.04 ($51,467.17). 8.16% of the stock is currently owned by company insiders.

Future Company Profile

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams