Rotork (LON:ROR) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Rotork plc (LON:ROR)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 333.73 and traded as low as GBX 301. Rotork shares last traded at GBX 304.20, with a volume of 1,473,877 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on ROR shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 400 price objective on shares of Rotork in a report on Tuesday, May 5th. Shore Capital Group upgraded shares of Rotork to a “hold” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Rotork from GBX 420 to GBX 390 and set an “overweight” rating on the stock in a research note on Wednesday, March 11th. Finally, Berenberg Bank lowered their price target on shares of Rotork from GBX 430 to GBX 420 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Rotork has an average rating of “Moderate Buy” and a consensus price target of GBX 402.

Rotork Stock Up 0.7%

The company has a market capitalization of £2.49 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 2.48 and a beta of 0.98. The firm’s 50 day moving average price is GBX 315.88 and its two-hundred day moving average price is GBX 333.73. The company has a current ratio of 2.50, a quick ratio of 2.16 and a debt-to-equity ratio of 7.69.

Rotork (LON:ROR) last released its quarterly earnings data on Tuesday, March 10th. The company reported GBX 17 earnings per share for the quarter. Rotork had a net margin of 14.85% and a return on equity of 20.10%. Sell-side analysts anticipate that Rotork plc will post 16.4574899 earnings per share for the current fiscal year.

Insider Buying and Selling at Rotork

In other news, insider Kiet Huynh acquired 49 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of £150.05 per share, for a total transaction of £7,352.45. 0.31% of the stock is owned by corporate insiders.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.