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

Key Points

• IDOX plc's stock price recently surpassed its 200-day moving average, indicating potential upward momentum, with shares trading at GBX 62 ($0.82) as of the last report.
• Canaccord Genuity has maintained a "buy" rating for IDOX and set a target price of GBX 90 ($1.19), signaling strong expected performance in the near future.
• The company reported a net margin of 6.82% and is forecasted to post earnings of approximately 2.72 earnings per share for the current year, reflecting its growth potential.

IDOX plc (LON:IDOX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.45 ($0.79) and traded as high as GBX 63.70 ($0.84). IDOX shares last traded at GBX 62 ($0.82), with a volume of 172,889 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 90 ($1.19) price target on shares of IDOX in a research report on Tuesday, July 8th.

IDOX Stock Down 1.3%

The company has a debt-to-equity ratio of 30.03, a quick ratio of 1.00 and a current ratio of 0.70. The firm's fifty day simple moving average is GBX 62.54 and its 200 day simple moving average is GBX 59.46. The stock has a market capitalization of £279.85 million, a price-to-earnings ratio of 50.51, a P/E/G ratio of 3.15 and a beta of 0.38.

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

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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