Sports Direct International (LON:SPD) Shares Pass Above 200-Day Moving Average – Here’s Why

Sports Direct International Plc (LON:SPDGet Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 470 ($5.95) and traded as high as GBX 486 ($6.15). Sports Direct International shares last traded at GBX 470 ($5.95), with a volume of 3,140,932 shares traded.

Sports Direct International Price Performance

The firm has a market cap of £2.45 billion and a P/E ratio of 21.86. The company has a debt-to-equity ratio of 65.99, a current ratio of 3.39 and a quick ratio of 1.33. The stock’s 50-day simple moving average is GBX 470 and its two-hundred day simple moving average is GBX 470.

About Sports Direct International

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Sports Direct International plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel. It operates through five segments: UK Sports Retail, European Retail, Rest of World Retail, Premium Lifestyle, and Wholesale & Licensing. The company is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel under company-owned or licensed brands; and licensing activities.

Further Reading

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