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GlobalData (LON:DATA) Shares Pass Below 50 Day Moving Average - Here's Why

GlobalData logo with Industrials background

Shares of GlobalData Plc (LON:DATA - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 206.44 ($2.68) and traded as low as GBX 187 ($2.43). GlobalData shares last traded at GBX 191 ($2.48), with a volume of 663,177 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed coverage on shares of GlobalData in a research report on Wednesday, September 11th. They issued a "buy" rating and a GBX 295 ($3.83) price objective on the stock.

Read Our Latest Research Report on GlobalData

GlobalData Stock Up 1.1 %

The stock's fifty day moving average is GBX 206.44 and its two-hundred day moving average is GBX 214.24. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.15. The firm has a market cap of £1.51 billion, a P/E ratio of 4,775.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58.

GlobalData Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 5th were issued a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend was Thursday, September 5th. GlobalData's dividend payout ratio (DPR) is presently 12,500.00%.

Insider Buying and Selling

In other GlobalData news, insider Graham Lilley sold 250,000 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of GBX 225 ($2.92), for a total value of £562,500 ($730,329.78). 66.45% of the stock is currently owned by insiders.

GlobalData Company Profile

(Get Free Report)

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.

See Also

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