STV Group (LON:STVG) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

STV Group plc (LON:STVG)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 152.18 ($2.03) and traded as low as GBX 119 ($1.59). STV Group shares last traded at GBX 119.50 ($1.59), with a volume of 112,502 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of STV Group in a report on Thursday, September 25th.

STV Group Price Performance

The business has a 50-day simple moving average of GBX 120.30 and a 200 day simple moving average of GBX 152.18. The stock has a market cap of £54.14 million, a P/E ratio of 1,067.57 and a beta of 0.09. 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.

STV Group (LON:STVG) last released its quarterly earnings results on Thursday, September 25th. The company reported GBX 7.10 EPS for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. On average, analysts forecast that STV Group plc will post 30.3860523 earnings per share for the current year.

Insider Activity at STV Group

In related news, insider Colin Robert Jones purchased 25,000 shares of STV Group stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of GBX 110 per share, for a total transaction of £27,500. Company insiders own 2.31% of the company’s stock.

About STV Group

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.