Pagegroup (OTCMKTS:MPGPF) Shares Cross Below 50 Day Moving Average - Here's What Happened

Key Points

• Pagegroup's stock price has fallen below its fifty-day moving average of $3.61, trading as low as $3.04.
• UBS Group downgraded Pagegroup shares from a "strong-buy" rating to a "hold" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• The company provides recruitment consultancy and related services across various regions, maintaining a two-hundred day moving average of $3.79.

Pagegroup (OTCMKTS:MPGPF - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.61 and traded as low as $3.04. Pagegroup shares last traded at $3.04, with a volume of 3,724 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Pagegroup from a "strong-buy" rating to a "hold" rating in a report on Friday, June 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy".

Pagegroup Price Performance

The company's 50-day moving average is $3.60 and its two-hundred day moving average is $3.77.

Pagegroup Company Profile

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It offers executive search services, such as search, selection, and talent management solutions for organizations on a permanent and interim basis under the Page Executive brand; and recruitment services for qualified professional and management level on permanent, temporary, and contract or interim basis under the Michael Page brand.