STV Group (LON:STVG) Stock Passes Below 200-Day Moving Average – What’s Next?

STV Group plc (LON:STVG)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 139.13 and traded as low as GBX 105. STV Group shares last traded at GBX 108, with a volume of 363,075 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of STV Group in a research report on Thursday, September 25th.

STV Group Stock Performance

The company has a debt-to-equity ratio of -14,440.00, a current ratio of 1.51 and a quick ratio of 1.09. The stock has a market cap of £49.35 million, a P/E ratio of 9.73 and a beta of 0.09. The stock has a 50-day simple moving average of GBX 112.67 and a 200-day simple moving average of GBX 139.13.

STV Group (LON:STVG) last posted its quarterly earnings results on Thursday, September 25th. The company reported GBX 7.10 earnings per share for the quarter. STV Group had a net margin of 3.76% and a negative return on equity of 172.50%. Research analysts forecast that STV Group plc will post 30.3860523 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Colin Robert Jones bought 25,000 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were purchased at an average price of GBX 110 per share, with a total value of £27,500. 2.31% of the stock is owned by corporate insiders.

About STV Group

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.