Vianet Group (LON:VNET) Stock Passes Above 50-Day Moving Average – What’s Next?

Vianet Group plc (LON:VNET)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 66.41 and traded as high as GBX 66.67. Vianet Group shares last traded at GBX 66.67, with a volume of 48,049 shares trading hands.

Vianet Group Stock Down 0.9%

The firm’s 50 day moving average price is GBX 66.41 and its 200-day moving average price is GBX 65.87. The company has a current ratio of 2.93, a quick ratio of 0.69 and a debt-to-equity ratio of 11.36. The company has a market cap of £18.59 million, a P/E ratio of 45.74, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64.

Vianet Group (LON:VNET) last posted its quarterly earnings results on Tuesday, June 9th. The company reported GBX 1.43 earnings per share for the quarter. Vianet Group had a net margin of 2.69% and a return on equity of 1.53%. The business had revenue of GBX 1,523 million during the quarter. As a group, equities research analysts expect that Vianet Group plc will post 6.199187 EPS for the current 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.