Kenmare Resources (LON:KMR) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Kenmare Resources plc (LON:KMR) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 207.94 and traded as low as GBX 179. Kenmare Resources shares last traded at GBX 180.40, with a volume of 41,887 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank decreased their target price on shares of Kenmare Resources from GBX 220 to GBX 210 and set a “hold” rating for the company in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 347.50.

Kenmare Resources Stock Performance

The company has a debt-to-equity ratio of 26.20, a quick ratio of 1.22 and a current ratio of 3.07. The company’s 50 day moving average is GBX 193.11 and its 200 day moving average is GBX 206.78. The stock has a market capitalization of £161.87 million, a price-to-earnings ratio of -0.62, a PEG ratio of 0.03 and a beta of 0.67.

Kenmare Resources Company Profile