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IDOX (LON:IDOX) Share Price Crosses Below 200 Day Moving Average - What's Next?

IDOX logo with Computer and Technology background

IDOX plc (LON:IDOX - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 62.07 ($0.80) and traded as low as GBX 54.40 ($0.71). IDOX shares last traded at GBX 54.40 ($0.71), with a volume of 550,962 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank started coverage on IDOX in a research report on Thursday, July 11th. They issued a "buy" rating and a GBX 81 ($1.05) target price on the stock.

Check Out Our Latest Stock Analysis on IDOX

IDOX Stock Down 1.8 %

The company has a current ratio of 0.92, a quick ratio of 1.00 and a debt-to-equity ratio of 35.05. The firm has a market capitalization of £253.10 million, a price-to-earnings ratio of 5,500.00, a PEG ratio of 3.15 and a beta of 0.38. The stock has a fifty day moving average of GBX 60.24 and a 200-day moving average of GBX 62.02.

About IDOX

(Get Free Report)

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.

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