VP (LON:VP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Vp plc (LON:VP) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 504.11 and traded as low as GBX 452. VP shares last traded at GBX 476, with a volume of 2,601 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated an “under review” rating on shares of VP in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 753.33.

VP Stock Down 1.3%

The stock has a market capitalization of £185.47 million, a price-to-earnings ratio of -34.48 and a beta of 0.36. The business’s 50-day moving average is GBX 464.96 and its two-hundred day moving average is GBX 504.11. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 166.22.

Insider Transactions at VP

In other VP news, insider Keith Winstanley purchased 3,231 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were purchased at an average cost of GBX 464 per share, for a total transaction of £14,991.84. Also, insider Richard Smith purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of GBX 486 per share, for a total transaction of £48,600. Insiders own 57.50% of the company’s stock.

VP Company Profile

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment. It also rents excavation support systems and specialist products to the water, civil engineering, and construction industries; provides portable roadways and temporary access solutions to customers in the transmission, construction, rail, and outdoor events markets; offers mechanical and electrical press fittings, and low level access platforms to the construction, fit out, mechanical, and electrical markets; and supplies rail infrastructure portable plants and related trackside services to Network Rail and London Underground, as well as their appointed track renewal, maintenance, and project contractors.