Rotork (LON:ROR) Stock Crosses Above 200 Day Moving Average of $331.30

Rotork plc (LON:ROR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 331.30 ($4.38) and traded as high as GBX 338.20 ($4.47). Rotork shares last traded at GBX 326.40 ($4.31), with a volume of 1,124,985 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Berenberg Bank upped their price target on shares of Rotork from GBX 370 ($4.89) to GBX 380 ($5.02) and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. upgraded Rotork to an “overweight” rating and increased their price objective for the company from GBX 365 ($4.82) to GBX 370 ($4.89) in a report on Wednesday, September 11th. Finally, Shore Capital reaffirmed a “hold” rating on shares of Rotork in a report on Tuesday, August 6th.

Rotork Trading Down 1.1 %

The stock has a market cap of £2.78 billion, a P/E ratio of 2,331.43, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The company has a debt-to-equity ratio of 1.96, a quick ratio of 2.16 and a current ratio of 3.21. The firm’s fifty day simple moving average is GBX 334.61 and its 200-day simple moving average is GBX 331.30.

Rotork Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 23rd. Investors of record on Thursday, August 15th will be issued a GBX 2.75 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 0.83%. Rotork’s payout ratio is 5,000.00%.

About Rotork

Rotork plc designs, manufactures, and markets industrial flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets worldwide. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.