IDOX (LON:IDOX) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• IDOX plc shares recently fell below their 200-day moving average, trading at GBX 54.89 ($0.74) after hitting a low of GBX 54 ($0.72).
• Canaccord Genuity Group has reissued a "buy" rating for IDOX with a price target of GBX 90, amid a consensus price target of GBX 85.50 from analysts.
• The company reports a debt-to-equity ratio of 30.03 and a market capitalization of £257.22 million, indicating a stable financial position.

IDOX plc (LON:IDOX - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 58.27 ($0.78) and traded as low as GBX 54 ($0.72). IDOX shares last traded at GBX 54.89 ($0.74), with a volume of 189,084 shares traded.

Analysts Set New Price Targets

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

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 company has a fifty day moving average of GBX 55.92 and a two-hundred day moving average of GBX 58.27. The stock has a market capitalization of £257.22 million, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.