IDOX (LON:IDOX) Shares Cross Below 200 Day Moving Average - Here's Why

Key Points

• IDOX plc's stock price has crossed below its 200-day moving average, trading at GBX 55.63 ($0.75) on Thursday, with a volume of 225,468 shares.
• Despite the recent decline, Canaccord Genuity Group continues to maintain a "buy" rating for IDOX with a price target of GBX 90.
• IDOX has a market capitalization of £252.54 million, with metrics indicating a high price-to-earnings ratio of 4,072.35 and a debt-to-equity ratio of 30.03.

IDOX plc (LON:IDOX - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 58.53 ($0.79) and traded as low as GBX 55.60 ($0.75). IDOX shares last traded at GBX 55.63 ($0.75), with a volume of 225,468 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 90 price target on shares of IDOX in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of GBX 85.50.

IDOX Stock Down 0.4%

The business has a fifty day simple moving average of GBX 57.74 and a 200 day simple moving average of GBX 58.53. The firm has a market cap of £252.54 million, a price-to-earnings ratio of 4,072.35, a PEG ratio of 3.15 and a beta of 0.38. The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00.

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.

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