1Spatial (LON:SPA) Shares Down 10.3% - Time to Sell?

1Spatial Plc (LON:SPA - Get Free Report)'s share price dropped 10.3% on Wednesday . The company traded as low as GBX 54 ($0.70) and last traded at GBX 57.40 ($0.74). Approximately 207,220 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 123,438 shares. The stock had previously closed at GBX 64 ($0.83).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 105 ($1.36) price target on shares of 1Spatial in a research note on Wednesday.

1Spatial Trading Down 0.3 %

The firm has a market capitalization of £64.78 million, a PE ratio of 43.04 and a beta of 0.39. The firm's fifty day moving average is GBX 65.45 and its two-hundred day moving average is GBX 65.66. The company has a debt-to-equity ratio of 23.20, a current ratio of 1.14 and a quick ratio of 0.63.

About 1Spatial

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world.