Pets at Home Group (LON:PETS) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Pets at Home Group Plc (LON:PETS) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 298.91 ($3.88) and traded as low as GBX 290.80 ($3.77). Pets at Home Group shares last traded at GBX 298 ($3.86), with a volume of 710,507 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 350 ($4.54) price objective on shares of Pets at Home Group in a report on Thursday, August 1st.

Pets at Home Group Trading Up 0.6 %

The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of 1,862.50, a P/E/G ratio of 2.66 and a beta of 0.69. The company’s fifty day moving average price is GBX 304.07 and its 200-day moving average price is GBX 298.91.

About Pets at Home Group

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.