Rotork (LON:ROR) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Rotork's share price has crossed above its 200-day moving average, indicating potential bullish sentiment, with current trading at GBX 317.80 ($4.22).
• Research firms have recently altered their ratings on Rotork, with Royal Bank of Canada upgrading it to "outperform" and setting a price target of GBX 370 ($4.91).
• Insider Svein Richard Brandtzæg purchased 5,500 shares at GBX 324 ($4.30) each, reflecting confidence in the company's future prospects.

Rotork plc (LON:ROR - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 318.32 ($4.23) and traded as high as GBX 324 ($4.31). Rotork shares last traded at GBX 317.80 ($4.22), with a volume of 1,935,527 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank Of Canada upgraded Rotork to an "outperform" rating and set a GBX 370 ($4.92) price target on the stock in a research note on Tuesday, April 15th. Shore Capital restated a "hold" rating on shares of Rotork in a research report on Friday, May 2nd.

Rotork Stock Down 0.3%

The firm has a market cap of £2.68 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.48 and a beta of 0.96. The firm has a fifty day moving average price of GBX 322.20 and a 200-day moving average price of GBX 318.35. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97.

Insider Activity at Rotork

In other news, insider Svein Richard Brandtzæg acquired 5,500 shares of Rotork stock in a transaction dated Friday, June 13th. The shares were acquired at an average cost of GBX 324 ($4.31) per share, with a total value of £17,820 ($23,684.21). 0.52% of the stock is currently owned by insiders.

About Rotork

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.