Wilmington (LON:WIL) Stock Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Wilmington plc stock traded below its 200-day moving average of GBX 353.14, reaching a low of GBX 311 before settling at GBX 330.
• Canaccord Genuity reaffirmed a "buy" rating for Wilmington, setting a price target of GBX 450 ($6.01) for the shares.
• The company maintains solid financial ratios, including a current ratio of 1.70 and a debt-to-equity ratio of 2.45, with a market capitalization of approximately £295.36 million.

Wilmington plc (LON:WIL - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 353.14 ($4.72) and traded as low as GBX 311 ($4.15). Wilmington shares last traded at GBX 330 ($4.41), with a volume of 21,754 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 450 ($6.01) price objective on shares of Wilmington in a report on Friday.

Wilmington Stock Up 3.0%

The company has a quick ratio of 0.86, a current ratio of 1.70 and a debt-to-equity ratio of 2.45. The company has a market capitalization of £295.36 million, a price-to-earnings ratio of 15.82, a P/E/G ratio of 1.44 and a beta of 0.84. The business's 50-day moving average is GBX 340.86 and its 200-day moving average is GBX 353.14.

Wilmington Company Profile

Wilmington acts as trusted partner to customers who are operating in regulated sectors and in the governance, risk and compliance markets. We provide critical data and information to enable our customers to make the decisions needed to maintain compliance with the rules and regulations that apply to them; and we provide training and education to equip our customers with the knowledge and skills to carry out their activities in line with best practice.

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