GB Group (LON:GBG) Shares Pass Above 50-Day Moving Average – Time to Sell?

GB Group plc (LON:GBG)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 346.20 ($4.36) and traded as high as GBX 360.85 ($4.54). GB Group shares last traded at GBX 357 ($4.49), with a volume of 622,516 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of GB Group in a research report on Tuesday, November 19th.

GB Group Trading Down 0.8 %

The company has a quick ratio of 0.74, a current ratio of 1.00 and a debt-to-equity ratio of 16.45. The stock’s 50 day moving average is GBX 346.20 and its two-hundred day moving average is GBX 336.61. The company has a market capitalization of £892.88 million, a PE ratio of -18.38, a price-to-earnings-growth ratio of 173.40 and a beta of 0.30.

GB Group (LON:GBG) last released its earnings results on Tuesday, November 19th. The company reported GBX 7.30 ($0.09) earnings per share for the quarter. GB Group had a negative net margin of 17.52% and a negative return on equity of 7.73%. As a group, sell-side analysts predict that GB Group plc will post 17.0176437 EPS for the current fiscal year.

About GB Group

We are the leading experts in global identity and location software.

In an increasingly digital world, we help businesses grow by giving them intelligence to make the best decisions about their customers, when it matters most.

Every second, our global data, agile technology, and expert teams, power over 20,000 of the world’s best-known organisations to reach and trust their customers.

We are headquartered in the UK with over 1,100 team members in 17 countries.