Value Line (NASDAQ:VALU) Share Price Crosses Below 200-Day Moving Average of $41.79

Value Line, Inc. (NASDAQ:VALU) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.79 and traded as low as $41.71. Value Line shares last traded at $42.97, with a volume of 2,594 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Value Line in a research note on Friday. They issued a “hold” rating for the company.

Value Line Stock Performance

The stock has a market cap of $405.21 million, a P/E ratio of 22.15 and a beta of 0.85. The business has a 50 day simple moving average of $39.06 and a 200-day simple moving average of $41.79.

Value Line Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Monday, April 29th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Friday, April 26th. This is an increase from Value Line’s previous quarterly dividend of $0.28. Value Line’s dividend payout ratio is 61.86%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Auxier Asset Management bought a new position in shares of Value Line during the 4th quarter worth $207,000. Stratos Wealth Partners LTD. bought a new position in shares of Value Line during the 4th quarter worth $215,000. Valmark Advisers Inc. bought a new position in shares of Value Line during the 4th quarter worth $268,000. Capital Investment Counsel Inc bought a new position in Value Line in the 4th quarter worth about $350,000. Finally, SG Americas Securities LLC bought a new position in Value Line in the 1st quarter worth about $346,000. Institutional investors own 6.26% of the company’s stock.

Value Line Company Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.