GlobalData (LON:DATA) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

GlobalData Plc (LON:DATA)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 190.10 ($2.39) and traded as low as GBX 187.50 ($2.36). GlobalData shares last traded at GBX 187.50 ($2.36), with a volume of 8,428,820 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on shares of GlobalData from GBX 295 ($3.71) to GBX 300 ($3.77) and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

GlobalData Stock Performance

The company has a debt-to-equity ratio of 5.16, a quick ratio of 0.61 and a current ratio of 1.25. The firm’s 50 day moving average is GBX 190.15 and its 200-day moving average is GBX 199.26. The firm has a market cap of £1.51 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58.

Insider Activity at GlobalData

In other GlobalData news, insider Michael Danson sold 2,000,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.45), for a total transaction of £3,900,000 ($4,904,426.56). 66.45% of the stock is owned by company insiders.

GlobalData Company Profile

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.