GB Group (LON:GBG) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of GB Group plc (LON:GBG) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 348.09 ($4.33) and traded as high as GBX 363 ($4.52). GB Group shares last traded at GBX 356 ($4.43), with a volume of 709,140 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of GB Group in a research note on Tuesday, November 19th.

GB Group Price Performance

The firm has a fifty day moving average of GBX 348.09 and a two-hundred day moving average of GBX 335.88. The stock has a market capitalization of £897.55 million, a P/E ratio of -1,873.68, a P/E/G ratio of 173.40 and a beta of 0.30. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74.

GB Group (LON:GBG) last posted its quarterly earnings results on Tuesday, November 19th. The company reported GBX 7.30 ($0.09) EPS for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.36%. On average, analysts predict that GB Group plc will post 17.0176437 EPS for the current year.

GB Group Company Profile

We are the leading experts in global identity and location software.

In an increasingly digital world, we help businesses grow by giving them intelligence to make the best decisions about their customers, when it matters most.

Every second, our global data, agile technology, and expert teams, power over 20,000 of the world’s best-known organisations to reach and trust their customers.

We are headquartered in the UK with over 1,100 team members in 17 countries.