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GB Group (LON:GBG) Stock Crosses Above 50-Day Moving Average - Here's Why

GB Group logo with Computer and Technology background

GB Group plc (LON:GBG - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 346.20 ($4.37) and traded as high as GBX 360.85 ($4.56). GB Group shares last traded at GBX 357 ($4.51), with a volume of 622,516 shares traded.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on GB Group

GB Group Stock Performance

The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45. The company has a market cap of £877.75 million, a PE ratio of -18.06, a P/E/G ratio of 173.40 and a beta of 0.30. The stock's 50 day simple moving average is GBX 345.93 and its two-hundred day simple moving average is GBX 336.60.

GB Group (LON:GBG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The company reported GBX 7.30 ($0.09) earnings per share for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. As a group, research analysts anticipate that GB Group plc will post 17.0176437 earnings per share for the current year.

About GB Group

(Get Free Report)

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.

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