VP (LON:VP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Vp plc (LON:VP)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 626.99 ($7.67) and traded as low as GBX 555.47 ($6.80). VP shares last traded at GBX 570 ($6.98), with a volume of 1,503 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 950 ($11.63) price target on shares of VP in a report on Friday, October 4th.

VP Stock Up 3.6 %

The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 126.29. The company has a market capitalization of £224.92 million, a PE ratio of -4,384.62 and a beta of 0.75. The stock has a 50-day moving average of GBX 575.60 and a 200 day moving average of GBX 626.99.

VP Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be given a GBX 11.50 ($0.14) dividend. This represents a yield of 2.02%. The ex-dividend date is Thursday, December 5th. VP’s dividend payout ratio is currently -30,000.00%.

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.