STV Group (LON:STVG) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

STV Group plc (LON:STVG) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 198.95 ($2.64) and traded as low as GBX 160.50 ($2.13). STV Group shares last traded at GBX 162 ($2.15), with a volume of 17,652 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of STV Group in a report on Tuesday, March 11th.

STV Group Stock Up 1.2 %

The company has a current ratio of 1.51, a quick ratio of 1.09 and a debt-to-equity ratio of -14,440.00. The stock has a market capitalization of £76.86 million, a PE ratio of 11.23 and a beta of 0.09. The stock’s fifty day simple moving average is GBX 166.50 and its 200-day simple moving average is GBX 198.50.

STV Group (LON:STVG) last released its quarterly earnings results on Wednesday, March 12th. The company reported GBX 29 ($0.39) earnings per share for the quarter. STV Group had a net margin of 3.76% and a negative return on equity of 172.50%. As a group, sell-side analysts forecast that STV Group plc will post 30.3860523 EPS for the current fiscal year.

STV Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, April 17th will be given a dividend of GBX 7.40 ($0.10) per share. The ex-dividend date is Thursday, April 17th. This is a positive change from STV Group’s previous dividend of $3.90. This represents a dividend yield of 4.5%. STV Group’s dividend payout ratio (DPR) is currently 75.10%.

About STV Group

STV is Scotland’s home of news, entertainment and drama, serving audiences with quality content on air, online and on demand.

STV’s broadcast channel reaches 2.8 million viewers each month, while free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.