STV Group (LON:STVG) Stock Price Passes Below 200 Day Moving Average – What’s Next?

STV Group plc (LON:STVG)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 136.83 and traded as low as GBX 103. STV Group shares last traded at GBX 103.50, with a volume of 37,463 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of STV Group in a research note on Thursday, September 25th.

STV Group Price Performance

The firm has a 50 day moving average price of GBX 111.38 and a 200 day moving average price of GBX 136.83. The stock has a market capitalization of £49.35 million, a PE ratio of 9.73 and a beta of 0.09. The company has a current ratio of 1.51, a quick ratio of 1.09 and a debt-to-equity ratio of -14,440.00.

STV Group (LON:STVG) last released its earnings results on Thursday, September 25th. The company reported GBX 7.10 earnings per share for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. Research analysts anticipate that STV Group plc will post 30.3860523 earnings per share for the current year.

Insider Activity

In other news, insider Colin Robert Jones bought 25,000 shares of STV Group stock in a transaction that occurred on Thursday, September 25th. The stock was bought at an average cost of GBX 110 per share, with a total value of £27,500. Company insiders own 2.31% of the company’s stock.

STV Group Company Profile

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.