GlobalData (LON:DATA) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Shares of GlobalData Plc (LON:DATA - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 168.24 ($2.24) and traded as low as GBX 135.50 ($1.80). GlobalData shares last traded at GBX 143 ($1.90), with a volume of 3,067,137 shares changing hands.

Wall Street Analyst Weigh In

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

GlobalData Trading Up 1.1 %

The company has a market cap of £1.12 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. The company's fifty day moving average price is GBX 162.64 and its two-hundred day moving average price is GBX 182.87.

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

GlobalData Cuts Dividend

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

Insider Activity

In related news, insider Michael Danson sold 2,000,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of GBX 195 ($2.59), for a total value of £3,900,000 ($5,187,549.88). 66.45% of the stock is owned by insiders.

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.