Rotork (LON:ROR) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• Rotork's stock price has crossed above its 200-day moving average, reaching a high of GBX 326.55 ($4.41) during trading, with the last trade noted at GBX 324.14 ($4.38).
• Royal Bank of Canada upgraded Rotork's rating to "outperform" and set a target price of GBX 370 ($5.00), indicating positive expectations for the stock's future performance.
• Corporate insider Svein Richard Brandtzæg purchased 5,500 shares at an average price of GBX 324 ($4.38), reflecting management confidence in the company's prospects.

Rotork plc (LON:ROR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 317.92 ($4.29) and traded as high as GBX 326.55 ($4.41). Rotork shares last traded at GBX 324.14 ($4.38), with a volume of 2,428,977 shares.

Wall Street Analyst Weigh In

ROR has been the subject of a number of recent analyst reports. Shore Capital reiterated a "hold" rating on shares of Rotork in a research note on Friday, May 2nd. Royal Bank Of Canada raised shares of Rotork to an "outperform" rating and set a GBX 370 ($5.00) target price on the stock in a report on Tuesday, April 15th.

Rotork Stock Performance

The stock's fifty day moving average price is GBX 320.57 and its 200-day moving average price is GBX 317.92. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of £2.73 billion, a P/E ratio of 23.24, a PEG ratio of 2.48 and a beta of 0.96.

Insider Activity

In related news, insider Svein Richard Brandtzæg bought 5,500 shares of the business's stock in a transaction dated Friday, June 13th. The stock was bought at an average price of GBX 324 ($4.38) per share, for a total transaction of £17,820 ($24,071.32). Corporate insiders own 0.52% of the company's stock.

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.

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