GlobalData (LON:DATA) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

GlobalData Plc (LON:DATA) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 206.44 ($2.68) and traded as low as GBX 187 ($2.43). GlobalData shares last traded at GBX 191 ($2.48), with a volume of 663,177 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank began coverage on GlobalData in a research note on Wednesday, September 11th. They issued a “buy” rating and a GBX 295 ($3.83) target price for the company.

GlobalData Stock Performance

The company has a market cap of £1.51 billion, a P/E ratio of 4,775.00, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.61 and a current ratio of 1.25. The business has a 50 day moving average price of GBX 206.44 and a two-hundred day moving average price of GBX 214.24.

GlobalData Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 5th were issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 0.69%. GlobalData’s dividend payout ratio is presently 12,500.00%.

Insider Activity at GlobalData

In related news, insider Graham Lilley sold 250,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of GBX 225 ($2.92), for a total transaction of £562,500 ($730,329.78). 66.45% of the stock is owned by company insiders.

GlobalData Company Profile

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.