STV Group (LON:STVG) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

STV Group plc (LON:STVG) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 152.18 ($2.03) and traded as low as GBX 119 ($1.59). STV Group shares last traded at GBX 119.50 ($1.59), with a volume of 112,502 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of STV Group in a research note on Thursday, September 25th.

STV Group Price Performance

The stock has a market capitalization of £54.14 million, a price-to-earnings ratio of 1,067.57 and a beta of 0.09. The company has a debt-to-equity ratio of -14,440.00, a quick ratio of 1.09 and a current ratio of 1.51. The company has a fifty day simple moving average of GBX 120.30 and a two-hundred day simple moving average of GBX 152.18.

STV Group (LON:STVG) last announced its quarterly earnings data on Thursday, September 25th. The company reported GBX 7.10 earnings per share for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. As a group, equities research analysts expect that STV Group plc will post 30.3860523 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Colin Robert Jones acquired 25,000 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was purchased at an average cost of GBX 110 per share, with a total value of £27,500. 2.31% of the stock is owned by corporate insiders.

About STV Group

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.