Future (LON:FUTR) Reaches New 52-Week Low – Here’s What Happened

Future plc (LON:FUTR) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 589.50 and last traded at GBX 597.50, with a volume of 1435 shares traded. The stock had previously closed at GBX 593.50.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an “overweight” rating on shares of Future in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 1,014.50.

Future Stock Performance

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 company has a market capitalization of £587.72 million, a PE ratio of 7.96, a PEG ratio of 0.64 and a beta of 1.01. The firm’s 50-day simple moving average is GBX 666.38 and its 200-day simple moving average is GBX 701.07.

Future announced that its Board of Directors has initiated a share repurchase plan on Friday, August 1st that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About Future

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