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

IDOX plc (LON:IDOX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 59.42 ($0.80) and traded as high as GBX 65.30 ($0.88). IDOX shares last traded at GBX 64.09 ($0.86), with a volume of 1,211,380 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 90 ($1.21) target price on shares of IDOX in a report on Tuesday, July 8th.

IDOX Trading Down 0.6%

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 business has a fifty day simple moving average of GBX 62.05 and a 200 day simple moving average of GBX 59.38. The company has a market cap of £290.84 million, a P/E ratio of 52.49, a P/E/G ratio of 3.15 and a beta of 0.38.

IDOX (LON:IDOX - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported GBX 1.49 ($0.02) EPS for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. Analysts anticipate that IDOX plc will post 2.7173913 earnings per share 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.