dotdigital Group (LON:DOTD) Stock Price Passes Below 200-Day Moving Average – Here’s Why

dotdigital Group Plc (LON:DOTD) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 50.85 and traded as low as GBX 49.40. dotdigital Group shares last traded at GBX 49.55, with a volume of 529,444 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 135 price objective on shares of dotdigital Group in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 122.50.

dotdigital Group Stock Up 1.8%

The firm has a market cap of £156.47 million, a PE ratio of 17.55, a PEG ratio of 11.36 and a beta of 1.46. The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.94 and a current ratio of 3.11. The company’s 50-day simple moving average is GBX 46.93 and its two-hundred day simple moving average is GBX 50.73.

About dotdigital Group

Dotdigital Group plc (AIM: DOTD) is the leading SaaS provider of an AI-powered customer experience and data platform for intelligent, personalised marketing engagement at scale. Dotdigital’s customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale. With Dotdigital, marketing teams can unify and enrich their customer data, identify valuable customer segments, and deliver personalised cross-channel customer journeys that result in engagements, conversions, and loyalty.

Founded in 1999, Dotdigital is headquartered in London with offices in Manchester, Southampton, New York, Melbourne, Sydney, Singapore, Tokyo and Cape Town.