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

Shares of SSP Group plc (LON:SSPG - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 152.53 ($2.05) and traded as high as GBX 172 ($2.31). SSP Group shares last traded at GBX 169.30 ($2.28), with a volume of 1,685,381 shares.

Analysts Set New Price Targets

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

SSP Group Price Performance

The stock has a market capitalization of £1.30 billion, a PE ratio of 170.94, a P/E/G ratio of -0.77 and a beta of 1.88. The firm's 50 day simple moving average is GBX 153.25 and its 200 day simple moving average is GBX 164.92. The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66.

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

Insiders Place Their Bets

In other SSP Group news, insider Patrick Coveney sold 217,595 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of GBX 139 ($1.87), for a total value of £302,457.05 ($406,965.89). Insiders own 0.66% of the company's stock.

SSP Group Company Profile

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.