GlobalData (LON:DATA) Stock Passes Below 200 Day Moving Average - What's Next?

GlobalData Plc (LON:DATA - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 181.99 ($2.42) and traded as low as GBX 137.50 ($1.83). GlobalData shares last traded at GBX 138.93 ($1.85), with a volume of 1,719,093 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of GlobalData from GBX 295 ($3.92) to GBX 300 ($3.99) and gave the company a "buy" rating in a research report on Tuesday, January 14th.

GlobalData Trading Down 0.1 %

The company has a 50-day moving average price of GBX 157.02 and a 200-day moving average price of GBX 180.76. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25. The firm has a market capitalization of £1.12 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported GBX 7.50 ($0.10) earnings per share (EPS) for the quarter. GlobalData had a net margin of 11.96% and a return on equity of 12.99%. As a group, research analysts forecast that GlobalData Plc will post 9.6687774 EPS for the current fiscal year.

GlobalData Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, March 20th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, March 20th. GlobalData's dividend payout ratio is presently 119.48%.

Insider Transactions at GlobalData

In related news, insider Michael Danson sold 2,000,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.59), for a total value of £3,900,000 ($5,186,859.95). Company insiders own 66.45% of the company's stock.

GlobalData Company Profile

GlobalData Plc is a leading data, insights, and analytics platform for the world's largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers. One Platform Model GlobalData's One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.