NIQ Global Intelligence (NYSE:NIQ) Shares Cross Below Fifty Day Moving Average – Here’s Why

NIQ Global Intelligence plc (NYSE:NIQ)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.51 and traded as low as $10.85. NIQ Global Intelligence shares last traded at $10.9340, with a volume of 991,921 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NIQ shares. Robert W. Baird set a $20.00 price objective on shares of NIQ Global Intelligence in a research report on Tuesday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $21.00 price objective on shares of NIQ Global Intelligence in a research report on Wednesday, April 1st. Citigroup reduced their price objective on shares of NIQ Global Intelligence from $17.50 to $16.00 and set a “neutral” rating for the company in a research report on Friday, March 6th. Wall Street Zen cut shares of NIQ Global Intelligence from a “buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company dropped their target price on shares of NIQ Global Intelligence from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, NIQ Global Intelligence presently has a consensus rating of “Moderate Buy” and an average price target of $21.54.

NIQ Global Intelligence Stock Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.86. The stock’s 50 day moving average price is $11.51 and its two-hundred day moving average price is $13.66. The firm has a market capitalization of $3.07 billion and a PE ratio of 57.81.

Institutional Trading of NIQ Global Intelligence

A number of hedge funds have recently bought and sold shares of NIQ. Allspring Global Investments Holdings LLC acquired a new stake in NIQ Global Intelligence during the third quarter worth approximately $42,334,000. Nisa Investment Advisors LLC acquired a new stake in NIQ Global Intelligence during the third quarter worth approximately $478,000. Amalgamated Bank acquired a new stake in NIQ Global Intelligence during the third quarter worth approximately $49,000. Teacher Retirement System of Texas acquired a new stake in NIQ Global Intelligence during the third quarter worth approximately $6,280,000. Finally, LB Partners LLC acquired a new stake in NIQ Global Intelligence during the third quarter worth approximately $3,057,000.

About NIQ Global Intelligence

Nuveen Intermediate Duration Quality Municipal Term Fund is a close ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests into public fixed income markets of the United States. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage.