Vianet Group (LON:VNET) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Vianet Group plc (LON:VNET) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 66 and traded as low as GBX 61. Vianet Group shares last traded at GBX 61, with a volume of 18,897 shares traded.

Vianet Group Stock Performance

The stock has a 50-day moving average of GBX 66 and a 200 day moving average of GBX 65.99. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.69 and a current ratio of 2.61. The firm has a market capitalization of £18.48 million, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 4.65 and a beta of 0.65.

Insider Buying and Selling

In other news, insider James Dickson acquired 40,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of GBX 69 per share, for a total transaction of £27,600. Insiders own 21.42% of the company’s stock.

About Vianet Group

Vianet Group plc provides data services, actionable management information, and business insights in the United Kingdom, rest of Europe, the United States, and Canada. It operates through two segments: Smart Zones and Smart Machines. The company offers SmartContact, a contactless payment solution; SmartVend, a vending management system; iDraught, a draught beer quality and waste management system; SmartInsight, which provides actionable data and insights through interactive reporting; SmartAcademy which offers a range of e-learning videos and face to face training courses to support the business; and SmartMetrics, a telemetry solution that offers data capture and machine management services.