STV Group (LON:STVG) Stock Price Passes Below 200 Day Moving Average – Here’s Why

STV Group plc (LON:STVG) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 134.04 and traded as low as GBX 104. STV Group shares last traded at GBX 111, with a volume of 39,718 shares changing hands.

Analyst Upgrades and Downgrades

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

STV Group Stock Performance

The company’s 50-day simple moving average is GBX 109.83 and its 200-day simple moving average is GBX 133.77. The stock has a market capitalization of £50.72 million, a price-to-earnings ratio of 10.00 and a beta of 0.09. The company has a current ratio of 1.51, a quick ratio of 1.09 and a debt-to-equity ratio of -14,440.00.

STV Group (LON:STVG) last issued its quarterly earnings results on Thursday, September 25th. The company reported GBX 7.10 EPS for the quarter. STV Group had a net margin of 3.76% and a negative return on equity of 172.50%. On average, analysts expect that STV Group plc will post 30.3860523 EPS for the current year.

Insider Activity at STV Group

In other news, insider Colin Robert Jones acquired 25,000 shares of STV Group stock in a transaction dated Thursday, September 25th. The shares were bought at an average cost of GBX 110 per share, with a total value of £27,500. Company insiders own 2.31% of the company’s stock.

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.

STV Studios is a portfolio of 20+ production labels based across the UK’s nations and regions, creating world-class entertainment for UK and international networks and streamers including Apple TV+ drama Criminal Record, global phenomenon LEGO Masters, antiques favourite, The Travelling Auctioneers for BBC and reality juggernaut The Fortune Hotel for ITV.