Future (LON:FUTR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Future plc (LON:FUTR) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 609.68 and traded as low as GBX 416. Future shares last traded at GBX 425.40, with a volume of 39,922,016 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on shares of Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a report on Friday, December 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 984.

Future Trading Up 2.2%

The company’s 50-day moving average is GBX 503.49 and its 200 day moving average is GBX 608.78. The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50. The firm has a market cap of £397.07 million, a PE ratio of 6.85, a P/E/G ratio of 0.64 and a beta of 1.01.

Future (LON:FUTR) last announced its quarterly earnings data on Thursday, December 4th. The company reported GBX 124.20 EPS for the quarter. Future had a return on equity of 8.41% and a net margin of 11.69%. As a group, sell-side analysts predict that Future plc will post 116.6270784 EPS for the current year.

Future declared that its board has approved a stock buyback program on Thursday, December 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Future news, insider Mark Brooker purchased 7,201 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was bought at an average cost of GBX 553 per share, for a total transaction of £39,821.53. Also, insider Kevin Li Ying acquired 9,029 shares of the stock in a transaction dated Friday, December 12th. The stock was bought at an average price of GBX 551 per share, for a total transaction of £49,749.79. Insiders have bought a total of 17,230 shares of company stock valued at $9,475,132 over the last 90 days. 5.65% of the stock is currently owned by company insiders.

Future Company Profile

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams