Vianet Group (LON:VNET) Stock Passes Below 200-Day Moving Average – What’s Next?

Vianet Group plc (LON:VNET) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 66.04 and traded as low as GBX 65. Vianet Group shares last traded at GBX 67, with a volume of 119,899 shares trading hands.

Vianet Group Stock Up 1.5%

The business’s fifty day moving average is GBX 66.78 and its two-hundred day moving average is GBX 66.04. The stock has a market cap of £19.04 million, a price-to-earnings ratio of 46.85, a PEG ratio of 4.65 and a beta of 0.65. The company has a quick ratio of 0.69, a current ratio of 2.93 and a debt-to-equity ratio of 11.36.

Vianet Group (LON:VNET) last released its earnings results on Tuesday, June 9th. The company reported GBX 1.43 earnings per share (EPS) for the quarter. Vianet Group had a net margin of 2.69% and a return on equity of 1.53%. The company had revenue of GBX 1,523 million for the quarter. Equities analysts forecast that Vianet Group plc will post 6.199187 earnings per share for the current fiscal year.

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.