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GB Group (LON:GBG) Stock Passes Below 200 Day Moving Average - What's Next?

GB Group logo with Computer and Technology background

GB Group plc (LON:GBG - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 302.32 ($4.15) and traded as low as GBX 232 ($3.18). GB Group shares last traded at GBX 234 ($3.21), with a volume of 815,611 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "buy" rating on shares of GB Group in a research report on Thursday, April 24th.

Check Out Our Latest Stock Analysis on GBG

GB Group Trading Up 1.7%

The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74. The firm has a market capitalization of £605.34 million, a PE ratio of -12.46, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30. The business's 50-day moving average price is GBX 259.53 and its 200-day moving average price is GBX 300.92.

GB Group (LON:GBG - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported GBX 17.50 ($0.24) earnings per share (EPS) for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. As a group, analysts expect that GB Group plc will post 17.0176437 earnings per share for the current fiscal year.

Insider Transactions at GB Group

In related news, insider David ward purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 19th. The stock was purchased at an average cost of GBX 235 ($3.22) per share, with a total value of £23,500 ($32,249.21). Insiders own 1.75% of the company's stock.

GB Group Company Profile

(Get Free Report)

GBG is the leading expert in global identity and location tech, enabling safe and rewarding digital lives for genuine people, everywhere. For over 30 years, we have combined global data with our innovative technology to make sure that genuine people everywhere can digitally prove who they are and where they live.

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