Helical (LON:HLCL) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Helical plc (LON:HLCL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 194.01 ($2.51) and traded as high as GBX 205 ($2.65). Helical shares last traded at GBX 197 ($2.55), with a volume of 66,465 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their target price on shares of Helical from GBX 278 ($3.59) to GBX 270 ($3.49) and set a “buy” rating on the stock in a research report on Tuesday, December 10th.

Helical Trading Down 3.9 %

The company has a debt-to-equity ratio of 57.82, a quick ratio of 2.59 and a current ratio of 3.44. The company’s 50 day simple moving average is GBX 186.80 and its two-hundred day simple moving average is GBX 194.01. The stock has a market cap of £241.78 million, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.43 and a beta of 0.72.

Helical Company Profile

Helical is a Central London development focused real estate business listed on the London Stock Exchange. We create design-led, sustainable and inspiring spaces. We have a dynamic and experienced team with a broad skill set able to deliver optimal solutions and enhanced value through innovative thinking and in depth market knowledge.

Our extensive track record in joint venture structuring and working in partnership underpins our reputation as one of London’s leading development specialists.