GlobalData (LON:DATA) Shares Pass Below Fifty Day Moving Average – Time to Sell?

GlobalData Plc (LON:DATA)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 190.10 ($2.39) and traded as low as GBX 187.50 ($2.36). GlobalData shares last traded at GBX 187.50 ($2.36), with a volume of 8,428,820 shares.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on GlobalData from GBX 295 ($3.71) to GBX 300 ($3.77) and gave the company a “buy” rating in a research note on Tuesday, January 14th.

GlobalData Stock Performance

The stock’s 50 day simple moving average is GBX 190.15 and its two-hundred day simple moving average is GBX 199.10. The company has a market capitalization of £1.51 billion, a P/E ratio of 44.80, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61.

Insider Buying and Selling

In other news, insider Michael Danson sold 2,000,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.45), for a total value of £3,900,000 ($4,905,043.39). 66.45% of the stock is currently owned by corporate insiders.

GlobalData Company Profile

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.