Vianet Group (LON:VNET) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Vianet Group plc (LON:VNET) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 66.04 and traded as low as GBX 65. Vianet Group shares last traded at GBX 67, with a volume of 119,899 shares changing hands.

Vianet Group Stock Performance

The firm has a market capitalization of £19.04 million, a price-to-earnings ratio of 46.85, a P/E/G ratio of 4.65 and a beta of 0.65. The company has a quick ratio of 0.69, a current ratio of 2.93 and a debt-to-equity ratio of 11.36. The stock has a 50-day moving average price of GBX 66.78 and a 200 day moving average price of GBX 66.04.

Vianet Group (LON:VNET) last released its earnings results on Tuesday, June 9th. The company reported GBX 1.43 earnings per share for the quarter. The firm had revenue of GBX 1,523 million for the quarter. Vianet Group had a net margin of 2.69% and a return on equity of 1.53%. On average, analysts forecast that Vianet Group plc will post 6.199187 EPS for the current year.

Vianet Group Company Profile

Vianet Group plc provides data services, actionable management information, and business insights in the United Kingdom, rest of Europe, the United States, and Canada. It operates through two segments: Smart Zones and Smart Machines. The company offers SmartContact, a contactless payment solution; SmartVend, a vending management system; iDraught, a draught beer quality and waste management system; SmartInsight, which provides actionable data and insights through interactive reporting; SmartAcademy which offers a range of e-learning videos and face to face training courses to support the business; and SmartMetrics, a telemetry solution that offers data capture and machine management services.