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

Genus plc (LON:GNS)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,569.03 and traded as low as GBX 2,060. Genus shares last traded at GBX 2,079.90, with a volume of 286,615 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 3,350 price objective on shares of Genus in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 3,216.67.

Genus Price Performance

The company has a market cap of £1.34 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.87 and a beta of 0.90. The company has a current ratio of 2.25, a quick ratio of 1.08 and a debt-to-equity ratio of 51.73. The business has a 50-day moving average price of GBX 2,271.15 and a 200 day moving average price of GBX 2,569.03.

Insiders Place Their Bets

In other news, insider Jorgen Kokke sold 3,450 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of GBX 2,267, for a total transaction of £78,211.50. Also, insider Celia Baxter purchased 2,336 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of GBX 2,140 per share, with a total value of £49,990.40. 0.71% of the stock is owned by insiders.

Genus Company Profile

Genus plc operates as an animal genetics company in North America, Latin America, the United Kingdom, rest of Europe, the Middle East, Russia, Africa, and Asia. The company operates through three segments: Genus PIC, Genus ABS, and Genus Research and Development. It sells breeding pigs and semen to breed pigs with various characteristics for pork production under the PIC brand. The company also sells bull semen and embryos to breed calves with various characteristics for milk and beef production under the ABS, Genus, and Bovec brands.