IDOX (LON:IDOX) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Crossed above its 200-day moving average: IDOX traded as high as GBX 71.60 and last at GBX 71.20, above the 200‑day SMA of GBX 69.31.
• Heavy insider selling: Philip Kelly sold 105,263 shares and Anoop Kang sold 1,458,699 shares on April 22 at GBX 71, with insiders selling a total of 8,551,650 shares (valued at $607,167,150) over the last 90 days; insiders still own 9.46%.
• Valuation and fundamentals: market cap £325.33M, PE 53.13 and PEG 3.15, with a current ratio of 0.84, quick ratio 1.00, ROE 7.57% and net margin 6.86%.

Shares of IDOX plc (LON:IDOX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 69.31 and traded as high as GBX 71.60. IDOX shares last traded at GBX 71.20, with a volume of 17,570 shares changing hands.

IDOX Stock Down 0.6%

The company has a current ratio of 0.84, a quick ratio of 1.00 and a debt-to-equity ratio of 29.39. The stock has a 50 day simple moving average of GBX 70.64 and a 200 day simple moving average of GBX 69.31. The firm has a market capitalization of £325.33 million, a PE ratio of 53.13, a PEG ratio of 3.15 and a beta of 0.29.

IDOX (LON:IDOX - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported GBX 2.74 earnings per share for the quarter. IDOX had a return on equity of 7.57% and a net margin of 6.86%. As a group, sell-side analysts forecast that IDOX plc will post 2.7173913 earnings per share for the current year.

Insider Activity at IDOX

In other IDOX news, insider Philip Kelly sold 105,263 shares of the business's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of GBX 71, for a total value of £74,736.73. Also, insider Anoop Kang sold 1,458,699 shares of the business's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of GBX 71, for a total transaction of £1,035,676.29. Insiders sold a total of 8,551,650 shares of company stock worth $607,167,150 over the last ninety days. Insiders own 9.46% of the company's stock.

IDOX Company Profile

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. It provides specialist software and information management solutions for government, health, engineering, transport, and property fields; engineering document management and control solutions to asset intensive industry sectors; and delivers software solutions.

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