Value Line (NASDAQ:VALU) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.60 and traded as high as $55.01. Value Line shares last traded at $53.62, with a volume of 2,904 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Value Line from a “hold” rating to a “buy” rating in a report on Monday, December 16th.

Value Line Stock Down 0.8 %

The stock has a market capitalization of $501.04 million, a price-to-earnings ratio of 22.64 and a beta of 0.81. The business’s 50-day moving average is $51.90 and its two-hundred day moving average is $46.65.

Value Line (NASDAQ:VALU) last issued its earnings results on Friday, December 13th. The financial services provider reported $0.60 earnings per share for the quarter. Value Line had a return on equity of 22.29% and a net margin of 54.72%.

Value Line Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Monday, October 28th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. Value Line’s dividend payout ratio is presently 51.06%.

Institutional Investors Weigh In On Value Line

Several hedge funds and other institutional investors have recently bought and sold shares of VALU. Oppenheimer & Co. Inc. boosted its holdings in Value Line by 9.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,145 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 545 shares during the last quarter. Barclays PLC raised its position in shares of Value Line by 340.6% during the 3rd quarter. Barclays PLC now owns 1,150 shares of the financial services provider’s stock valued at $53,000 after buying an additional 889 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Value Line by 144.2% in the third quarter. JPMorgan Chase & Co. now owns 1,563 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 923 shares during the last quarter. 6.26% of the stock is currently owned by institutional investors and hedge funds.

Value Line Company Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.