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Rotork (LON:ROR) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Rotork logo with Industrials background

Rotork plc (LON:ROR - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 317.66 ($4.27) and traded as high as GBX 327.40 ($4.40). Rotork shares last traded at GBX 319.20 ($4.29), with a volume of 3,022,561 shares traded.

Analysts Set New Price Targets

ROR has been the topic of several analyst reports. Royal Bank Of Canada upgraded shares of Rotork to an "outperform" rating and set a GBX 370 ($4.98) target price on the stock in a report on Tuesday, April 15th. Shore Capital reiterated a "hold" rating on shares of Rotork in a report on Friday, May 2nd.

Check Out Our Latest Research Report on ROR

Rotork Stock Down 1.9%

The firm's 50-day moving average price is GBX 310.62 and its 200 day moving average price is GBX 317.66. The company has a market capitalization of £2.70 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.48 and a beta of 0.96. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 1.97.

Insider Activity

In other Rotork news, insider Svein Richard Brandtzæg purchased 5,500 shares of the firm's stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of GBX 324 ($4.36) per share, with a total value of £17,820 ($23,964.50). 0.52% of the stock is owned by company insiders.

Rotork Company Profile

(Get Free Report)

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety.

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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.

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