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SSP Group (LON:SSPG) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

SSP Group logo with Consumer Cyclical background

Shares of SSP Group plc (LON:SSPG - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 156.74 ($2.11) and traded as high as GBX 164.92 ($2.22). SSP Group shares last traded at GBX 162.98 ($2.19), with a volume of 5,368,676 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "house stock" rating on shares of SSP Group in a research note on Tuesday, May 20th.

Check Out Our Latest Stock Report on SSP Group

SSP Group Price Performance

The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The business's fifty day simple moving average is GBX 158.31 and its 200 day simple moving average is GBX 165.53. The stock has a market cap of £1.31 billion, a price-to-earnings ratio of 172.41, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share (EPS) for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. Research analysts predict that SSP Group plc will post 13.1004016 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Patrick Coveney sold 217,595 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of GBX 139 ($1.87), for a total value of £302,457.05 ($407,294.71). 0.66% of the stock is owned by company insiders.

About SSP Group

(Get Free Report)

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.

See Also

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