Future (LON:FUTR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Future plc (LON:FUTR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 622.31 and traded as low as GBX 421.60. Future shares last traded at GBX 421.60, with a volume of 3,477,408 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a report on Friday, December 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Future has a consensus rating of “Moderate Buy” and a consensus price target of GBX 984.

Future Stock Performance

The company has a current ratio of 0.69, a quick ratio of 0.60 and a debt-to-equity ratio of 31.50. The firm has a market capitalization of £394.09 million, a PE ratio of 6.80, a PEG ratio of 0.64 and a beta of 1.01. The firm’s fifty day moving average price is GBX 522.80 and its 200 day moving average price is GBX 622.31.

Future (LON:FUTR) last released its quarterly earnings data on Thursday, December 4th. The company reported GBX 124.20 earnings per share (EPS) for the quarter. Future had a return on equity of 8.41% and a net margin of 11.69%. On average, research analysts anticipate that Future plc will post 116.6270784 earnings per share for the current year.

Future announced that its Board of Directors has initiated a stock buyback plan on Thursday, December 4th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Future news, insider Kevin Li Ying purchased 9,029 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were bought at an average price of GBX 551 per share, for a total transaction of £49,749.79. Also, insider Ivana Kirkbride purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were acquired at an average price of GBX 518 per share, for a total transaction of £5,180. Over the last quarter, insiders have bought 17,230 shares of company stock worth $9,475,132. Insiders own 5.65% of the company’s stock.

Future Company Profile

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams