dotdigital Group (LON:DOTD) Shares Pass Below 200 Day Moving Average - Here's Why

dotdigital Group Plc (LON:DOTD - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 87.59 ($1.13) and traded as low as GBX 72.10 ($0.93). dotdigital Group shares last traded at GBX 74 ($0.96), with a volume of 338,625 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 150 ($1.94) price objective on shares of dotdigital Group in a research note on Tuesday, February 25th.

dotdigital Group Trading Down 1.4 %

The firm has a market cap of £221.88 million, a price-to-earnings ratio of 20.04, a PEG ratio of 11.36 and a beta of 1.16. The business has a fifty day moving average of GBX 82.57 and a two-hundred day moving average of GBX 87.27. The company has a debt-to-equity ratio of 3.24, a quick ratio of 3.94 and a current ratio of 3.05.

dotdigital Group (LON:DOTD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported GBX 2.58 ($0.03) earnings per share for the quarter. dotdigital Group had a return on equity of 11.80% and a net margin of 14.01%. As a group, equities analysts expect that dotdigital Group Plc will post 4.6030099 earnings per share for the current fiscal year.

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dotdigital Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of GBX 1.10 ($0.01) per share. This is an increase from dotdigital Group's previous dividend of $1.00. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.21%. dotdigital Group's dividend payout ratio (DPR) is presently 27.61%.

dotdigital Group Company Profile

Dotdigital Group plc AIM: DOTD is a leading provider of cross-channel marketing automation technology to marketing professionals. Dotdigital's customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale.