GlobalData (LON:DATA) Stock Passes Below 50-Day Moving Average – Here’s What Happened

GlobalData Plc (LON:DATA) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 196.39 ($2.46) and traded as low as GBX 184 ($2.31). GlobalData shares last traded at GBX 185.50 ($2.33), with a volume of 53,083 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank initiated coverage on GlobalData in a report on Wednesday, September 11th. They issued a “buy” rating and a GBX 295 ($3.70) target price on the stock.

GlobalData Stock Down 0.8 %

The firm has a fifty day simple moving average of GBX 195.95 and a 200-day simple moving average of GBX 208.16. The company has a market capitalization of £1.46 billion, a PE ratio of 4,637.50, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.61 and a current ratio of 1.25.

About GlobalData

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.