STV Group (LON:STVG) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• STV Group shares fell below the 200-day moving average of GBX 175.09, closing at GBX 127 ($1.69) during trading, indicating potential volatility.
• Insider Rufus Radcliffe purchased 48,331 shares at an average price of GBX 163, highlighting confidence from management despite recent stock performance.
• STV Group's market cap stands at £59.91 million, with a PE ratio of 8.75 and a debt-to-equity ratio that raises serious concerns due to its extreme negative value.

Shares of STV Group plc (LON:STVG - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 175.09 ($2.35) and traded as low as GBX 127 ($1.71). STV Group shares last traded at GBX 127 ($1.71), with a volume of 76,191 shares.

Analyst Upgrades and Downgrades

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

STV Group Stock Performance

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. The firm has a market capitalization of £59.80 million, a price-to-earnings ratio of 8.74 and a beta of 0.09. The firm's fifty day moving average is GBX 173.10 and its 200 day moving average is GBX 173.96.

Insider Buying and Selling

In other news, insider Rufus Radcliffe purchased 48,331 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were acquired at an average cost of GBX 163 ($2.19) per share, for a total transaction of £78,779.53 ($105,943.42). 5.86% of the stock is currently owned by corporate insiders.

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.