STV Group (LON:STVG) Stock Passes Above 50 Day Moving Average – What’s Next?

STV Group plc (LON:STVG)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 101.48 and traded as high as GBX 106.50. STV Group shares last traded at GBX 106, with a volume of 66,625 shares changing hands.

STV Group Stock Down 5.2%

The stock’s 50-day moving average price is GBX 101.48 and its two-hundred day moving average price is GBX 106.40. The stock has a market capitalization of £46.00 million, a PE ratio of -9.31 and a beta of 0.15. The company has a debt-to-equity ratio of -890.59, a quick ratio of 1.08 and a current ratio of 1.50.

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.

STV Studios is a portfolio of 20+ production labels based across the UK’s nations and regions, creating world-class entertainment for UK and international networks and streamers including Apple TV+ drama Criminal Record, global phenomenon LEGO Masters, antiques favourite, The Travelling Auctioneers for BBC and reality juggernaut The Fortune Hotel for ITV.