Trustpilot Group (LON:TRST) Stock Crosses Below 50 Day Moving Average – What’s Next?

Trustpilot Group plc (LON:TRST – Get Free Report)’s share price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 252.87 and traded as low as GBX 245.20. Trustpilot Group shares last traded at GBX 246.80, with a volume of 41,386,441 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRST. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 375 price objective on shares of Trustpilot Group in a research note on Wednesday, September 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 315 target price on shares of Trustpilot Group in a research report on Wednesday, September 16th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Trustpilot Group currently has a consensus rating of “Buy” and an average target price of GBX 351.25.

Check Out Our Latest Report on TRST

Trustpilot Group Trading Up 0.0%

The company has a debt-to-equity ratio of -45.48, a current ratio of 0.40 and a quick ratio of 1.71. The stock has a market cap of £945.00 million, a price-to-earnings ratio of -3.16 and a beta of 0.51. The business’s 50 day moving average is GBX 251.65 and its 200 day moving average is GBX 232.11.

Insider Activity

In other news, insider Zillah Byng-Thorne purchased 17,854 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were acquired at an average price of GBX 223 per share, with a total value of £39,814.42. Also, insider Marcus Roy purchased 45,436 shares of Trustpilot Group stock in a transaction on Thursday, September 17th. The stock was acquired at an average cost of GBX 219 per share, for a total transaction of £99,504.84. Insiders have bought a total of 207,556 shares of company stock valued at $45,439,241 over the last quarter. Corporate insiders own 13.76% of the company’s stock.

Trustpilot Group Company Profile

(Get Free Report)

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.

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