STV Group (LON:STVG) Share Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• STV Group plc shares fell below their 200-day moving average of GBX 169.47, trading at GBX 127 ($1.71) on a recent trading day.
• The company has a market capitalization of £59.34 million and a PE ratio of 8.67, indicating potential valuation metrics for investors.
• Shore Capital has restated their "house stock" rating on STV Group, suggesting continued interest from analysts despite the stock's recent decline.

STV Group plc (LON:STVG - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 169.47 ($2.29) and traded as low as GBX 124 ($1.68). STV Group shares last traded at GBX 127 ($1.72), with a volume of 9,874 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "house stock" rating on shares of STV Group in a research note on Thursday, May 22nd.

STV Group Trading Up 0.8%

The business's 50-day moving average price is GBX 162.17 and its two-hundred day moving average price is GBX 168.06. The company has a market capitalization of £60.27 million, a P/E ratio of 8.81 and a beta of 0.09. The company has a debt-to-equity ratio of -14,440.00, a current ratio of 1.51 and a quick ratio of 1.09.

About STV Group

STV is Scotland's home of news, entertainment and drama, serving audiences with quality content on air, online and on demand. STV's broadcast channel reaches 2.8 million viewers each month, while free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.