Good Energy Group (LON:GOOD) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Good Energy Group PLC (LON:GOOD)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 350.70 ($4.41) and traded as high as GBX 380 ($4.78). Good Energy Group shares last traded at GBX 363.80 ($4.58), with a volume of 19,194 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 500 ($6.29) price target on shares of Good Energy Group in a report on Tuesday, September 17th.

Good Energy Group Stock Performance

The company has a market capitalization of £66.36 million, a PE ratio of -932.82 and a beta of 0.80. The firm has a 50-day moving average of GBX 350.70 and a two-hundred day moving average of GBX 292.94. The company has a quick ratio of 1.05, a current ratio of 1.48 and a debt-to-equity ratio of 12.57.

Good Energy Group Company Profile

Good Energy is a British renewable electricity company with a difference. For more than 20 years, our mission has been to power a cleaner, greener world. Today, that is what we are – an energy company for the future with a bold ambition to help one million homes and businesses to cut carbon from their energy and transport by 2025.

We offer truly renewable energy supply sourced from over 1,700 renewable generators.