IDOX (LON:IDOX) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• IDOX plc shares have surpassed their 200-day moving average, indicating a potential bullish trend, with recent trading prices reaching up to GBX 63.38.
• Analysts from Canaccord Genuity have reissued a "buy" rating on IDOX, with a price target set at GBX 90 ($1.21).
• Despite the positive movement, IDOX shares experienced a decline of 2.2% recently, reflecting market volatility.

IDOX plc (LON:IDOX - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 59.42 ($0.80) and traded as high as GBX 63.38 ($0.86). IDOX shares last traded at GBX 61.20 ($0.83), with a volume of 277,838 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 90 ($1.22) target price on shares of IDOX in a research note on Tuesday, July 8th.

IDOX Trading Up 1.0%

The company has a market capitalization of £277.17 million, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The firm has a fifty day moving average price of GBX 63.21 and a 200-day moving average price of GBX 59.35. The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00.

IDOX (LON:IDOX - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported GBX 1.49 ($0.02) earnings per share (EPS) for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. On average, equities research analysts anticipate that IDOX plc will post 2.7173913 earnings per share for the current year.

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.