Valt Technology Services (LON:VALT) Stock Price Down 10.2% - Here's Why

Valt Technology Services plc (LON:VALT - Get Free Report)'s stock price dropped 10.2% during mid-day trading on Friday . The company traded as low as GBX 4,850 ($65.12) and last traded at GBX 4,850 ($65.12). Approximately 266,322 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 856,985 shares. The stock had previously closed at GBX 5,400 ($72.50).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price objective on shares of Valt Technology Services from GBX 2,600 to GBX 3,200 and gave the company a "sell" rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Valt Technology Services currently has an average rating of "Sell" and a consensus price target of GBX 3,200.

Valt Technology Services Trading Down 10.2%

The firm has a 50 day simple moving average of GBX 4,311.47. The company has a market capitalization of £12.80 billion and a PE ratio of 968.06.

Insider Buying and Selling at Valt Technology Services

In other Valt Technology Services news, insider Dorian Emmett sold 420 shares of the business's stock in a transaction on Friday, September 19th. The shares were sold at an average price of GBX 4,306, for a total transaction of £18,085.20. Insiders own 0.00% of the company's stock.

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