SSP Group (LON:SSPG) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

SSP Group plc (LON:SSPG) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 159.74 ($2.17) and traded as high as GBX 169.30 ($2.30). SSP Group shares last traded at GBX 168.60 ($2.30), with a volume of 4,529,124 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of SSP Group in a report on Tuesday, May 20th.

SSP Group Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.44 and a debt-to-equity ratio of 852.29. The firm has a fifty day moving average price of GBX 159.74 and a two-hundred day moving average price of GBX 165.09. The stock has a market capitalization of £1.34 billion, a P/E ratio of 176.05, a P/E/G ratio of -0.77 and a beta of 1.88.

SSP Group (LON:SSPG) last issued its quarterly earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share for the quarter. SSP Group had a net margin of 0.24% and a return on equity of 3.64%. On average, analysts expect that SSP Group plc will post 13.1004016 EPS for the current year.

Insider Activity

In related news, insider Patrick Coveney sold 217,595 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of GBX 139 ($1.89), for a total transaction of £302,457.05 ($411,730.26). Corporate insiders own 0.66% of the company’s stock.

About SSP Group

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.