STV Group (LON:STVG) Shares Cross Below 200 Day Moving Average – Here’s What Happened

STV Group plc (LON:STVG)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 136.83 and traded as low as GBX 103. STV Group shares last traded at GBX 103.50, with a volume of 37,463 shares.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of STV Group in a research note on Thursday, September 25th.

STV Group Trading Down 0.5%

The stock’s 50 day simple moving average is GBX 111.10 and its two-hundred day simple moving average is GBX 136.18. The stock has a market capitalization of £47.06 million, a PE ratio of 9.28 and a beta of 0.09. The company has a debt-to-equity ratio of -14,440.00, a current ratio of 1.51 and a quick ratio of 1.09.

STV Group (LON:STVG) last issued its earnings results on Thursday, September 25th. The company reported GBX 7.10 earnings per share (EPS) for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. On average, sell-side analysts expect that STV Group plc will post 30.3860523 EPS for the current year.

Insider Buying and Selling

In other STV Group news, insider Colin Robert Jones acquired 25,000 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was bought at an average price of GBX 110 per share, with a total value of £27,500. 2.31% of the stock is currently owned by insiders.

STV Group Company Profile

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.