Ascential (LON:ASCL) Stock Price Passes Below Fifty Day Moving Average of $566.02

Ascential plc (LON:ASCL)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 566.02 ($7.57) and traded as low as GBX 565.50 ($7.56). Ascential shares last traded at GBX 565.50 ($7.56), with a volume of 3,684,047 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASCL. Berenberg Bank raised their target price on Ascential from GBX 395 ($5.28) to GBX 568 ($7.60) and gave the company a “hold” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 433 ($5.79) price objective on shares of Ascential in a report on Tuesday, June 18th.

Ascential Trading Up 0.2 %

The company has a market capitalization of £1.15 billion, a P/E ratio of 4,712.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.22. The firm has a fifty day moving average price of GBX 566.02 and a 200-day moving average price of GBX 410.84. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.90 and a quick ratio of 0.92.

Insider Activity at Ascential

In other Ascential news, insider Mandy Gradden sold 12,171 shares of Ascential stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of GBX 569 ($7.61), for a total value of £69,252.99 ($92,633.75). 5.35% of the stock is owned by company insiders.

Ascential Company Profile

Ascential plc provides specialist information, analytics, and e-commerce optimization platforms in the United Kingdom, rest of Europe, the United States, Canada, China, rest of the Asia Pacific, the Middle East, Africa, and Latin America. The company operates in two segments, Marketing and Financial Technology.