Sports Direct International (LON:SPD) Stock Price Crosses Above 200 Day Moving Average of $0.00

Sports Direct International Plc (LON:SPD)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $240.20. Sports Direct International shares last traded at $237.80, with a volume of 806,572 shares trading hands.

SPD has been the topic of several recent analyst reports. Berenberg Bank decreased their target price on shares of Sports Direct International from GBX 235 ($3.07) to GBX 185 ($2.42) and set a “sell” rating on the stock in a report on Tuesday, July 30th. Royal Bank of Canada decreased their target price on shares of Sports Direct International from GBX 220 ($2.87) to GBX 200 ($2.61) and set an “underperform” rating on the stock in a report on Tuesday, July 30th. Finally, Peel Hunt reiterated an “under review” rating on shares of Sports Direct International in a report on Tuesday, August 6th.

The company has a quick ratio of 1.47, a current ratio of 3.39 and a debt-to-equity ratio of 65.99. The stock has a market cap of $1.27 billion and a P/E ratio of 11.06. The stock’s fifty day moving average price is GBX 245.17.

About Sports Direct International (LON:SPD)

Sports Direct International plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel. It operates through five segments: UK Sports Retail, European Retail, Rest of World Retail, Premium Lifestyle, and Wholesale & Licensing. The company is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel under company-owned or licensed brands; and licensing activities.

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