Vesuvius (LON:VSVS) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Vesuvius plc shares have fallen below their two hundred day moving average, trading at GBX 350.20 ($4.65) with a low of GBX 349.40 ($4.64).
• JPMorgan Chase & Co. and Berenberg Bank have both lowered their target prices on Vesuvius shares, indicating a shift in market sentiment with a neutral and buy rating respectively.
• The company's market capitalization is approximately £895.38 million, with a P/E ratio of 9.06 and a PEG ratio of 0.57, signaling potential value in its stock amidst recent price movements.

Vesuvius plc (LON:VSVS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 377.89 ($5.02) and traded as low as GBX 349.40 ($4.65). Vesuvius shares last traded at GBX 350.20 ($4.66), with a volume of 204,269 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VSVS. JPMorgan Chase & Co. lowered their price objective on Vesuvius from GBX 380 ($5.05) to GBX 330 ($4.39) and set a "neutral" rating for the company in a research note on Friday, July 25th. Berenberg Bank lowered their price objective on Vesuvius from GBX 470 ($6.25) to GBX 430 ($5.72) and set a "buy" rating for the company in a research note on Thursday, July 24th.

Vesuvius Stock Performance

The stock has a market cap of £920.95 million, a PE ratio of 9.32, a P/E/G ratio of 0.57 and a beta of 1.20. The company has a fifty day moving average price of GBX 374.53 and a 200 day moving average price of GBX 376.98. The company has a quick ratio of 1.20, a current ratio of 1.57 and a debt-to-equity ratio of 41.62.

Vesuvius (LON:VSVS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported GBX 17.10 ($0.23) EPS for the quarter. Vesuvius had a return on equity of 8.49% and a net margin of 5.56%. Analysts expect that Vesuvius plc will post 51.3945695 earnings per share for the current year.

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.