Vodafone Group Public (LON:VOD) Share Price Passes Above 200-Day Moving Average - Here's Why

Vodafone Group Public Limited (LON:VOD - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 69.84 ($0.94) and traded as high as GBX 77.70 ($1.05). Vodafone Group Public shares last traded at GBX 77.50 ($1.04), with a volume of 172,368,609 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their target price on Vodafone Group Public from GBX 73 ($0.98) to GBX 66 ($0.89) and set a "neutral" rating on the stock in a research note on Tuesday, February 18th.

Vodafone Group Public Trading Down 0.4%

The stock has a market cap of £23.14 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 0.59 and a beta of 0.54. The company has a debt-to-equity ratio of 96.88, a current ratio of 1.37 and a quick ratio of 0.78. The company's fifty day moving average price is GBX 71.33 and its 200-day moving average price is GBX 69.99.

Insider Buying and Selling at Vodafone Group Public

In other news, insider Luka Mucic acquired 356,000 shares of Vodafone Group Public stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average cost of GBX 72 ($0.97) per share, for a total transaction of £256,320 ($344,979.81). 5.90% of the stock is currently owned by company insiders.

About Vodafone Group Public

Vodafone is a leading European and African telecoms company. We provide mobile and fixed services to over 340 million customers in 15 countries, partner with mobile networks in over 45 more and have one of the world's largest IoT platforms. In Africa, our financial technology businesses serve almost 83 million customers across seven countries – managing more transactions than any other provider. Our purpose is to connect for a better future by using technology to improve lives, businesses and help progress inclusive sustainable societies.