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

Key Points

• IDOX plc shares have exceeded their 200-day moving average, trading as high as GBX 61.80 on Tuesday, with the last price recorded at GBX 58.40.
• Analysts from Canaccord Genuity reaffirmed a "buy" rating for IDOX, setting a target price of GBX 90, while the average price target among analysts is GBX 85.50.
• The company reported a return on equity of 7.18% and a net margin of 6.82%, with expected earnings per share forecasted at 2.72 for the current year.

IDOX plc (LON:IDOX - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 59.13 ($0.80) and traded as high as GBX 61.80 ($0.83). IDOX shares last traded at GBX 58.40 ($0.79), with a volume of 187,055 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 90 price target on shares of IDOX in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of GBX 85.50.

IDOX Price Performance

The company has a quick ratio of 1.00, a current ratio of 0.70 and a debt-to-equity ratio of 30.03. The company has a 50 day simple moving average of GBX 62.94 and a 200-day simple moving average of GBX 59.11. The stock has a market cap of £262.65 million, a price-to-earnings ratio of 4,235.29, a PEG ratio of 3.15 and a beta of 0.38.

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