GlobalData (LON:DATA) Shares Down 15.5% - Here's What Happened

Shares of GlobalData Plc (LON:DATA - Get Free Report) were down 15.5% during trading on Wednesday . The stock traded as low as GBX 143 ($1.94) and last traded at GBX 145.83 ($1.98). Approximately 18,964,590 shares changed hands during trading, an increase of 743% from the average daily volume of 2,249,550 shares. The stock had previously closed at GBX 172.50 ($2.34).

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "buy" rating on shares of GlobalData in a report on Friday, May 2nd.

GlobalData Stock Performance

The company has a 50-day moving average of GBX 166.46 and a 200-day moving average of GBX 176.72. The firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.16.

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

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.