Molten Ventures Plc (LON:GROW - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 304.04 ($3.93) and traded as low as GBX 259.50 ($3.35). Molten Ventures shares last traded at GBX 267.50 ($3.46), with a volume of 417,586 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 580 ($7.50) price target on shares of Molten Ventures in a research report on Wednesday, December 4th.
Check Out Our Latest Analysis on Molten Ventures
Molten Ventures Stock Performance
The stock has a market cap of £517.38 million, a price-to-earnings ratio of -15.55 and a beta of 1.25. The company's 50 day simple moving average is GBX 303.23 and its 200 day simple moving average is GBX 342.75. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 197.67.
Insider Activity
In other Molten Ventures news, insider Benjamin David Wilkinson purchased 16,258 shares of the company's stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of GBX 306 ($3.96) per share, for a total transaction of £49,749.48 ($64,309.05). Also, insider Andrew Zimmermann purchased 2,211 shares of the business's stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of GBX 314 ($4.06) per share, with a total value of £6,942.54 ($8,974.33). Insiders own 8.56% of the company's stock.
Molten Ventures Company Profile
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Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy' in the form of truly patient capital, access to international networks and decades of experience building businesses.
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