Rotork (LON:ROR) Shares Pass Below 200-Day Moving Average – Here’s Why

Rotork plc (LON:ROR) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 333.73 and traded as low as GBX 301. Rotork shares last traded at GBX 304.20, with a volume of 1,473,877 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 400 price target on shares of Rotork in a research report on Tuesday, May 5th. Shore Capital Group raised shares of Rotork to a “hold” rating in a research report on Friday, May 1st. Berenberg Bank reduced their price objective on shares of Rotork from GBX 430 to GBX 420 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rotork from GBX 420 to GBX 390 and set an “overweight” rating for the company in a research report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 402.

Rotork Stock Down 0.1%

The stock has a 50 day moving average of GBX 315.57 and a 200-day moving average of GBX 333.20. The firm has a market capitalization of £2.47 billion, a P/E ratio of 22.13, a PEG ratio of 2.48 and a beta of 0.98. The company has a debt-to-equity ratio of 7.69, a quick ratio of 2.16 and a current ratio of 2.50.

Rotork (LON:ROR) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 17 earnings per share (EPS) for the quarter. Rotork had a net margin of 14.85% and a return on equity of 20.10%. Research analysts predict that Rotork plc will post 16.4574899 earnings per share for the current fiscal year.

Insider Activity

In other Rotork news, insider Kiet Huynh purchased 49 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average price of £150.05 per share, with a total value of £7,352.45. 0.31% of the stock is currently owned by company insiders.

About Rotork

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.