VP (LON:VP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Vp plc (LON:VP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 504.11 and traded as low as GBX 452. VP shares last traded at GBX 476, with a volume of 2,601 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed an “under review” rating on shares of VP in a report on Friday, April 17th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 753.33.

VP Stock Down 1.3%

The company has a debt-to-equity ratio of 166.22, a current ratio of 1.14 and a quick ratio of 1.08. The business’s fifty day simple moving average is GBX 464.96 and its two-hundred day simple moving average is GBX 504.11. The company has a market cap of £185.47 million, a PE ratio of -34.48 and a beta of 0.36.

Insiders Place Their Bets

In related news, insider Keith Winstanley bought 3,231 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were acquired at an average price of GBX 464 per share, for a total transaction of £14,991.84. Also, insider Richard Smith bought 10,000 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of GBX 486 per share, for a total transaction of £48,600. 57.50% of the stock is currently owned by insiders.

VP Company Profile

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment. It also rents excavation support systems and specialist products to the water, civil engineering, and construction industries; provides portable roadways and temporary access solutions to customers in the transmission, construction, rail, and outdoor events markets; offers mechanical and electrical press fittings, and low level access platforms to the construction, fit out, mechanical, and electrical markets; and supplies rail infrastructure portable plants and related trackside services to Network Rail and London Underground, as well as their appointed track renewal, maintenance, and project contractors.