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STV Group (LON:STVG) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

STV Group logo with Communication Services background

STV Group plc (LON:STVG - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 189.01 ($2.56) and traded as low as GBX 167.50 ($2.27). STV Group shares last traded at GBX 173.50 ($2.35), with a volume of 231,644 shares trading hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on STVG

STV Group Stock Performance

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. The business's 50 day moving average is GBX 163.21 and its two-hundred day moving average is GBX 187.68. The company has a market cap of £83.17 million, a PE ratio of 12.15 and a beta of 0.09.

STV Group (LON:STVG - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported GBX 29 ($0.39) earnings per share for the quarter. STV Group had a net margin of 3.76% and a negative return on equity of 172.50%. On average, equities research analysts anticipate that STV Group plc will post 30.3860523 EPS for the current year.

STV Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, April 17th were paid a dividend of GBX 7.40 ($0.10) per share. This is a boost from STV Group's previous dividend of $3.90. The ex-dividend date was Thursday, April 17th. This represents a dividend yield of 4.5%. STV Group's payout ratio is 75.10%.

Insiders Place Their Bets

In other STV Group news, insider Rufus Radcliffe bought 48,331 shares of STV Group stock in a transaction dated Monday, May 19th. The shares were purchased at an average cost of GBX 163 ($2.21) per share, for a total transaction of £78,779.53 ($106,718.41). Corporate insiders own 5.86% of the company's stock.

STV Group Company Profile

(Get Free Report)

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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