GlobalData (LON:DATA) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Posted by Defense World Staff on Oct 9th, 2024

Shares of GlobalData Plc (LON:DATA – Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 213.40 ($2.79) and traded as low as GBX 198 ($2.59). GlobalData shares last traded at GBX 198 ($2.59), with a volume of 377,701 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on GlobalData in a research note on Wednesday, September 11th. They issued a “buy” rating and a GBX 295 ($3.86) price target for the company.

Read Our Latest Research Report on DATA

GlobalData Price Performance

The business’s 50-day simple moving average is GBX 213.40 and its 200 day simple moving average is GBX 213.94. The company has a market capitalization of £1.57 billion, a P/E ratio of 4,950.00, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a current ratio of 1.25, a quick ratio of 0.61 and a debt-to-equity ratio of 5.15.

GlobalData Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 5th were given a GBX 1.50 ($0.02) dividend. The ex-dividend date was Thursday, September 5th. This represents a yield of 0.69%. GlobalData’s dividend payout ratio (DPR) is 12,500.00%.

Insider Activity

In other GlobalData news, insider Graham Lilley sold 250,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of GBX 225 ($2.94), for a total value of £562,500 ($736,160.19). 66.37% of the stock is owned by insiders.

About GlobalData

(Get Free Report)

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.