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IDOX (LON:IDOX) Stock Crosses Below 200-Day Moving Average - Here's What Happened

IDOX logo with Computer and Technology background

IDOX plc (LON:IDOX - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.57 ($0.79) and traded as low as GBX 56 ($0.74). IDOX shares last traded at GBX 56.59 ($0.75), with a volume of 304,001 shares changing hands.

Wall Street Analyst Weigh In

IDOX has been the topic of a number of recent analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 81 ($1.08) target price on shares of IDOX in a report on Tuesday, January 28th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 90 ($1.20) price target on shares of IDOX in a report on Wednesday, April 30th.

View Our Latest Report on IDOX

IDOX Stock Performance

The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00. The stock has a market cap of £260.66 million, a P/E ratio of 47.04, a PEG ratio of 3.15 and a beta of 0.38. The firm's 50-day moving average price is GBX 55.88 and its 200-day moving average price is GBX 59.57.

About IDOX

(Get Free Report)

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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