STV Group (LON:STVG) Share Price Passes Below Two Hundred Day Moving Average - Here's What Happened

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 crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 169.47 ($2.28) and traded as low as GBX 124 ($1.67). STV Group shares last traded at GBX 127 ($1.71), with a volume of 9,874 shares trading hands.

Analysts Set New Price Targets

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

STV Group Stock Performance

The business's 50 day moving average is GBX 160.21 and its 200 day moving average is GBX 167.30. The stock has a market capitalization of £58.17 million, a PE ratio of 8.50 and a beta of 0.09. The company has a current ratio of 1.51, a quick ratio of 1.09 and a debt-to-equity ratio of -14,440.00.

STV Group Company Profile

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.