Future (LON:FUTR) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Future plc (LON:FUTR) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 870.14 ($11.58) and traded as low as GBX 718 ($9.55). Future shares last traded at GBX 741 ($9.86), with a volume of 836,901 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised Future to a “hold” rating and set a GBX 733 ($9.75) target price on the stock in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 1,060 ($14.10).

Future Price Performance

The company has a debt-to-equity ratio of 31.50, a current ratio of 0.69 and a quick ratio of 0.60. The company has a market cap of £802.35 million, a PE ratio of 9.49, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a 50-day moving average price of GBX 757.79 and a two-hundred day moving average price of GBX 870.14.

Future Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 16th were issued a GBX 3.40 ($0.05) dividend. This represents a yield of 0.35%. The ex-dividend date was Thursday, January 16th. Future’s dividend payout ratio is currently 3.84%.

Future Company Profile

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams