Future (LON:FUTR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Future plc (LON:FUTR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 646.17 and traded as low as GBX 512.50. Future shares last traded at GBX 527.09, with a volume of 1,418,464 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating for the company in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 984.

Future Stock Performance

The stock’s 50-day moving average price is GBX 554.91 and its 200-day moving average price is GBX 646.17. The company has a debt-to-equity ratio of 31.50, a quick ratio of 0.60 and a current ratio of 0.69. The company has a market capitalization of £500.15 million, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.64 and a beta of 1.01.

Future (LON:FUTR) last released its quarterly earnings results on Thursday, December 4th. The company reported GBX 124.20 EPS for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. As a group, equities research analysts expect that Future plc will post 116.6270784 earnings per share for the current year.

Future announced that its board has initiated a stock repurchase program on Thursday, December 4th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Future

In other Future news, insider Kevin Li Ying bought 9,029 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of GBX 551 per share, for a total transaction of £49,749.79. Also, insider Mark Brooker purchased 7,201 shares of the business’s stock in a transaction on Friday, December 12th. The shares were bought at an average cost of GBX 553 per share, for a total transaction of £39,821.53. Corporate insiders own 5.50% of the company’s stock.

About Future

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams