GB Group (LON:GBG) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

GB Group plc (LON:GBG) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 334.53 ($4.33) and traded as low as GBX 290.60 ($3.76). GB Group shares last traded at GBX 298.20 ($3.86), with a volume of 513,546 shares.

Wall Street Analysts Forecast Growth

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

GB Group Trading Up 0.3 %

The business’s fifty day moving average is GBX 335.53 and its 200-day moving average is GBX 334.29. The stock has a market capitalization of £751.63 million, a PE ratio of -15.47, a P/E/G ratio of 173.40 and a beta of 0.30. The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45.

Insiders Place Their Bets

In other GB Group news, insider David ward sold 27,574 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of GBX 313 ($4.05), for a total transaction of £86,306.62 ($111,637.07). 1.75% of the stock is owned by insiders.

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.