AdvancedAdvT (LON:ADVT) Trading 1.4% Higher – Time to Buy?

AdvancedAdvT Limited (LON:ADVT)’s stock price shot up 1.4% during trading on Monday . The stock traded as high as GBX 156 and last traded at GBX 156. 123,006 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 217,101 shares. The stock had previously closed at GBX 153.80.

Analyst Ratings Changes

Separately, Shore Capital Group restated a “buy” rating and set a GBX 240 price objective on shares of AdvancedAdvT in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 240.

AdvancedAdvT Stock Performance

The business’s 50 day moving average price is GBX 169.52 and its 200-day moving average price is GBX 180.88. The firm has a market cap of £212.82 million, a price-to-earnings ratio of 19.50 and a beta of 0.52.

About AdvancedAdvT

AdvancedAdvT Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share or debt purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Marwyn Acquisition Company I Limited and changed its name to AdvancedAdvT Limited in March 2021. AdvancedAdvT Limited was incorporated in 2020 and is headquartered in London, the United Kingdom.