GlobalData (LON:DATA) Shares Down 15.5% - Time to Sell?

Shares of GlobalData Plc (LON:DATA - Get Free Report) dropped 15.5% on Wednesday . The company traded as low as GBX 143 ($1.95) and last traded at GBX 145.83 ($1.99). Approximately 18,964,590 shares changed hands during mid-day trading, an increase of 743% from the average daily volume of 2,249,550 shares. The stock had previously closed at GBX 172.50 ($2.35).

Analysts Set New Price Targets

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

GlobalData Stock Performance

The stock has a fifty day simple moving average of GBX 166.07 and a two-hundred day simple moving average of GBX 176.87. The stock has a market cap of £1.25 billion, a price-to-earnings ratio of 37.09, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25.

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