Molten Ventures (LON:GROW) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Molten Ventures Plc (LON:GROW)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 314.90 ($3.83) and traded as low as GBX 286.50 ($3.49). Molten Ventures shares last traded at GBX 299 ($3.64), with a volume of 356,865 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 580 ($7.06) price target on shares of Molten Ventures in a report on Wednesday, December 4th.

Molten Ventures Stock Performance

The company has a fifty day moving average of GBX 314.24 and a two-hundred day moving average of GBX 361.49. The stock has a market capitalization of £548.70 million, a P/E ratio of -1,409.52 and a beta of 1.25. The company has a debt-to-equity ratio of 7.15, a current ratio of 6.44 and a quick ratio of 4.37.

Insiders Place Their Bets

In related news, insider Benjamin David Wilkinson bought 13,007 shares of the stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of GBX 309 ($3.76) per share, with a total value of £40,191.63 ($48,900.88). 8.56% of the stock is currently owned by corporate insiders.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.