VP (LON:VP) Share Price Passes Below 200 Day Moving Average – Here’s Why

Vp plc (LON:VP) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 643 ($8.42) and traded as low as GBX 603.74 ($7.90). VP shares last traded at GBX 610 ($7.98), with a volume of 4,679 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 950 ($12.43) target price on shares of VP in a report on Friday, October 4th.

VP Price Performance

The company has a current ratio of 1.05, a quick ratio of 1.08 and a debt-to-equity ratio of 126.29. The stock has a 50-day simple moving average of GBX 660.85 and a 200 day simple moving average of GBX 643. The stock has a market capitalization of £228.87 million, a price-to-earnings ratio of -4,692.31 and a beta of 0.75.

Insider Buying and Selling

In other news, insider Keith Winstanley purchased 2,981 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was acquired at an average price of GBX 671 ($8.78) per share, with a total value of £20,002.51 ($26,177.87). 57.50% of the stock is owned by corporate insiders.

About VP

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment.