IDOX (LON:IDOX) Shares Cross Below 200 Day Moving Average - What's Next?

IDOX plc (LON:IDOX - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 59.58 ($0.79) and traded as low as GBX 57 ($0.76). IDOX shares last traded at GBX 57 ($0.76), with a volume of 579,463 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IDOX shares. Canaccord Genuity Group restated a "buy" rating and set a GBX 90 ($1.20) price objective on shares of IDOX in a report on Wednesday, April 30th. Berenberg Bank restated a "buy" rating and set a GBX 81 ($1.08) price objective on shares of IDOX in a report on Tuesday, January 28th.

IDOX Stock Up 5.5%

The company has a current ratio of 0.70, a quick ratio of 1.00 and a debt-to-equity ratio of 30.03. The firm's 50 day simple moving average is GBX 56.06 and its 200-day simple moving average is GBX 59.55. The stock has a market capitalization of £265.23 million, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.