SSP Group (LON:SSPG) Shares Cross Above 50-Day Moving Average - What's Next?

SSP Group plc (LON:SSPG - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 153.86 ($2.09) and traded as high as GBX 163.70 ($2.22). SSP Group shares last traded at GBX 163 ($2.21), with a volume of 1,909,528 shares.

Wall Street Analysts Forecast Growth

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

SSP Group Stock Performance

The company has a debt-to-equity ratio of 852.29, a current ratio of 0.44 and a quick ratio of 0.66. The firm has a market capitalization of £1.30 billion, a PE ratio of 171.15, a P/E/G ratio of -0.77 and a beta of 1.88. The firm has a fifty day moving average price of GBX 154.11 and a 200 day moving average price of GBX 165.13.

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

Insider Buying and Selling at SSP Group

In related news, insider Patrick Coveney sold 217,595 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of GBX 139 ($1.89), for a total transaction of £302,457.05 ($410,723.86). Company 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.