Value Line (NASDAQ:VALU) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Value Line, Inc. (NASDAQ:VALU) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $46.60 and traded as high as $55.01. Value Line shares last traded at $53.62, with a volume of 2,904 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded Value Line from a “hold” rating to a “buy” rating in a report on Monday, December 16th.

Value Line Stock Performance

The business’s fifty day moving average price is $51.87 and its 200-day moving average price is $46.60. The stock has a market cap of $504.99 million, a PE ratio of 22.82 and a beta of 0.81.

Value Line (NASDAQ:VALU) last posted its quarterly earnings data on Friday, December 13th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter. Value Line had a net margin of 54.72% and a return on equity of 22.29%.

Value Line Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Monday, October 28th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Monday, October 28th. Value Line’s dividend payout ratio (DPR) is 51.06%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Value Line stock. Oppenheimer & Co. Inc. grew its holdings in shares of Value Line, Inc. (NASDAQ:VALU) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,145 shares of the financial services provider’s stock after buying an additional 545 shares during the quarter. Oppenheimer & Co. Inc. owned 0.07% of Value Line worth $286,000 at the end of the most recent reporting period. 6.26% of the stock is owned by institutional investors and hedge funds.

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.