Molten Ventures (LON:GROW) Stock Crosses Below 50 Day Moving Average – What’s Next?

Molten Ventures Plc (LON:GROW) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 341.04 ($4.29) and traded as low as GBX 304 ($3.83). Molten Ventures shares last traded at GBX 319 ($4.01), with a volume of 95,570 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 580 ($7.30) target price on shares of Molten Ventures in a report on Wednesday, December 4th.

Molten Ventures Price Performance

The company has a current ratio of 6.44, a quick ratio of 4.37 and a debt-to-equity ratio of 7.15. The business’s 50-day simple moving average is GBX 338.15 and its two-hundred day simple moving average is GBX 370.73. The firm has a market cap of £594.11 million, a price-to-earnings ratio of -1,526.19 and a beta of 1.25.

Insider Buying and Selling at Molten Ventures

In other news, insider Benjamin David Wilkinson bought 13,007 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average cost of GBX 309 ($3.89) per share, with a total value of £40,191.63 ($50,574.59). Insiders own 8.56% of the company’s stock.

About Molten Ventures

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.