Molten Ventures (LON:GROW) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Molten Ventures Plc (LON:GROW) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 311.40 ($3.89) and traded as low as GBX 307.50 ($3.84). Molten Ventures shares last traded at GBX 311.50 ($3.89), with a volume of 539,799 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 580 ($7.24) price target on shares of Molten Ventures in a research note on Wednesday, December 4th.

Molten Ventures Stock Up 1.6 %

The business has a 50-day simple moving average of GBX 311.40 and a two-hundred day simple moving average of GBX 359.17. The company has a quick ratio of 4.37, a current ratio of 6.44 and a debt-to-equity ratio of 7.15. The company has a market cap of £577.43 million, a price-to-earnings ratio of -1,483.33 and a beta of 1.25.

Molten Ventures (LON:GROW) last announced its quarterly earnings results on Wednesday, November 20th. The company reported GBX (20) (($0.25)) EPS for the quarter. As a group, equities analysts forecast that Molten Ventures Plc will post 36.9209809 earnings per share for the current fiscal year.

Insider Activity at Molten Ventures

In related news, insider Benjamin David Wilkinson purchased 13,007 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of GBX 309 ($3.86) per share, for a total transaction of £40,191.63 ($50,170.55). 8.56% of the stock is owned by corporate insiders.

About Molten Ventures

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.