Equiniti Group (LON:EQN) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Equiniti Group plc (LON:EQN)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 179.80 ($2.25) and traded as low as GBX 179.80 ($2.25). Equiniti Group shares last traded at GBX 179.80 ($2.25), with a volume of 102,999 shares traded.

Equiniti Group Stock Performance

The firm has a market capitalization of £661.23 million and a P/E ratio of 78.17. The stock has a fifty day simple moving average of GBX 179.80 and a two-hundred day simple moving average of GBX 179.80. The company has a debt-to-equity ratio of 57.88, a current ratio of 1.15 and a quick ratio of 1.04.

Equiniti Group Company Profile

Equiniti Group plc, together with its subsidiaries, provides administration and payment services worldwide. The company operates in five segments: EQ Boardroom, EQ Digital, EQ Paymaster, EQ US, and Interest Income. It offers shareholder management services, including share registration, dividends, meeting management, governance and investor relations; employee share plans, executive and discretionary share plans, private markets, and SaaS solutions; initial public offerings; and corporate actions, which include mergers and acquisition, capital raisings, capital reconstructions, and returns of capital.