STV Group (LON:STVG) Share Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• STV Group plc's stock price has fallen below its 200-day moving average, trading at GBX 115 ($1.55) compared to the average of GBX 163.22 ($2.20).
• Despite the recent price drop, Shore Capital reaffirmed its "house stock" rating on STV Group shares.
• The company has a market capitalization of £52.54 million and a significantly high price-to-earnings ratio of 491.45.

STV Group plc (LON:STVG - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 163.22 ($2.20) and traded as low as GBX 115 ($1.55). STV Group shares last traded at GBX 115 ($1.55), with a volume of 30,199 shares changing hands.

Wall Street Analyst Weigh In

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

STV Group Trading Down 3.8%

The business's fifty day moving average is GBX 151.78 and its 200 day moving average is GBX 163.22. The company has a quick ratio of 1.09, a current ratio of 1.51 and a debt-to-equity ratio of -14,440.00. The firm has a market capitalization of £52.54 million, a price-to-earnings ratio of 491.45 and a beta of 0.09.

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.

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