Vianet Group (LON:VNET) Shares Pass Above 50 Day Moving Average – Here’s Why

Vianet Group plc (LON:VNET)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 126.64 ($1.66) and traded as high as GBX 127.32 ($1.67). Vianet Group shares last traded at GBX 125 ($1.64), with a volume of 15,738 shares changing hands.

Vianet Group Trading Down 2.4 %

The company has a quick ratio of 0.69, a current ratio of 2.35 and a debt-to-equity ratio of 13.30. The stock has a fifty day simple moving average of GBX 126.64 and a 200 day simple moving average of GBX 119.84. The firm has a market capitalization of £35.92 million, a P/E ratio of 4,166.67, a PEG ratio of 4.65 and a beta of 1.25.

About Vianet Group

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.