Future (LON:FUTR) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Future plc (LON:FUTR) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 654.42 and traded as low as GBX 505.50. Future shares last traded at GBX 520, with a volume of 656,861 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a research report on Friday, December 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 984.

Future Price Performance

The stock has a market capitalization of £470.02 million, a P/E ratio of 8.06, a PEG ratio of 0.64 and a beta of 1.01. The company’s 50 day simple moving average is GBX 567.37 and its two-hundred day simple moving average is GBX 654.42. The company has a debt-to-equity ratio of 31.50, a current ratio of 0.69 and a quick ratio of 0.60.

Future (LON:FUTR) last posted its earnings results on Thursday, December 4th. The company reported GBX 124.20 earnings per share (EPS) for the quarter. Future had a net margin of 11.69% and a return on equity of 8.41%. As a group, equities analysts expect that Future plc will post 116.6270784 EPS for the current fiscal year.

Future declared that its Board of Directors has initiated a stock buyback plan on Thursday, December 4th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other Future news, insider Kevin Li Ying purchased 9,029 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was acquired at an average cost of GBX 551 per share, with a total value of £49,749.79. Also, insider Mark Brooker purchased 7,201 shares of Future stock in a transaction that occurred on Friday, December 12th. The shares were bought at an average price of GBX 553 per share, for a total transaction of £39,821.53. 5.50% of the stock is currently owned by insiders.

About Future

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams