GB Group (LON:GBG) Shares Cross Below 200 Day Moving Average - Here's Why

GB Group plc (LON:GBG - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 334.53 ($4.32) and traded as low as GBX 290.60 ($3.76). GB Group shares last traded at GBX 298.20 ($3.85), with a volume of 513,546 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a "buy" rating on shares of GB Group in a research report on Tuesday, November 19th.

GB Group Stock Up 0.7 %

The firm's 50-day moving average is GBX 335.53 and its two-hundred day moving average is GBX 334.28. The company has a debt-to-equity ratio of 16.45, a quick ratio of 0.74 and a current ratio of 1.00. The stock has a market cap of £756.68 million, a P/E ratio of -15.57, a PEG ratio of 173.40 and a beta of 0.30.

Insider Buying and Selling

In other GB Group news, insider David ward sold 27,574 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of GBX 313 ($4.05), for a total value of £86,306.62 ($111,564.92). 1.75% of the stock is currently owned by insiders.

GB Group Company Profile

We are the leading experts in global identity and location software. In an increasingly digital world, we help businesses grow by giving them intelligence to make the best decisions about their customers, when it matters most. Every second, our global data, agile technology, and expert teams, power over 20,000 of the world's best-known organisations to reach and trust their customers. We are headquartered in the UK with over 1,100 team members in 17 countries.