Rotork (LON:ROR) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Rotork plc (LON:ROR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 333.73 and traded as low as GBX 301. Rotork shares last traded at GBX 304.20, with a volume of 1,473,877 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ROR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 400 price target on shares of Rotork in a research note on Tuesday, May 5th. Berenberg Bank decreased their price target on shares of Rotork from GBX 430 to GBX 420 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Shore Capital Group upgraded shares of Rotork to a “hold” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rotork from GBX 420 to GBX 390 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rotork has an average rating of “Moderate Buy” and a consensus target price of GBX 402.

Rotork Stock Up 0.7%

The company has a debt-to-equity ratio of 7.69, a quick ratio of 2.16 and a current ratio of 2.50. The stock has a market cap of £2.49 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.48 and a beta of 0.98. The stock’s fifty day simple moving average is GBX 315.88 and its 200-day simple moving average is GBX 333.73.

Rotork (LON:ROR) last posted its quarterly earnings data on Tuesday, March 10th. The company reported GBX 17 earnings per share (EPS) for the quarter. Rotork had a net margin of 14.85% and a return on equity of 20.10%. As a group, research analysts forecast that Rotork plc will post 16.4574899 earnings per share for the current fiscal year.

Insider Transactions at Rotork

In other Rotork news, insider Kiet Huynh acquired 49 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of £150.05 per share, with a total value of £7,352.45. 0.31% of the stock is owned by corporate insiders.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.