Future (LON:FUTR) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Future plc (LON:FUTR)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 609.68 and traded as low as GBX 416. Future shares last traded at GBX 425.40, with a volume of 39,922,016 shares traded.

Analyst Ratings Changes

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

Future Stock Up 2.2%

The company has a debt-to-equity ratio of 31.50, a current ratio of 0.69 and a quick ratio of 0.60. The firm’s 50-day moving average price is GBX 503.49 and its 200 day moving average price is GBX 609.68. The firm has a market cap of £397.07 million, a P/E ratio of 6.85, a PEG ratio of 0.64 and a beta of 1.01.

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

Future announced that its Board of Directors has authorized a share buyback plan on Thursday, December 4th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at Future

In other Future news, insider Ivana Kirkbride bought 1,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were bought at an average cost of GBX 518 per share, with a total value of £5,180. Also, insider Kevin Li Ying sold 7,958 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of GBX 531, for a total transaction of £42,256.98. In the last ninety days, insiders have bought 17,230 shares of company stock valued at $9,475,132. Corporate insiders own 5.65% of the company’s stock.

Future Company Profile

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