IDOX (LON:IDOX) Share Price Crosses Above 200 Day Moving Average – Here’s Why

IDOX plc (LON:IDOX)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 70.31 and traded as high as GBX 73.80. IDOX shares last traded at GBX 71.20, with a volume of 5,822 shares changing hands.

IDOX Price Performance

The stock has a market capitalization of £349.74 million, a P/E ratio of 55.52, a price-to-earnings-growth ratio of 3.15 and a beta of 0.29. The business’s 50 day simple moving average is GBX 70.85 and its two-hundred day simple moving average is GBX 70.36. The company has a quick ratio of 1.00, a current ratio of 0.84 and a debt-to-equity ratio of 29.39.

IDOX (LON:IDOX) last released its quarterly earnings data on Tuesday, February 17th. The company reported GBX 2.74 earnings per share for the quarter. IDOX had a net margin of 6.86% and a return on equity of 7.57%. As a group, sell-side analysts forecast that IDOX plc will post 2.7173913 earnings per share for the current fiscal year.

Insider Transactions at IDOX

In other IDOX news, insider Philip Kelly sold 105,263 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of GBX 71, for a total value of £74,736.73. Also, insider David Meaden sold 3,290,842 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of GBX 71, for a total transaction of £2,336,497.82. In the last three months, insiders sold 8,551,650 shares of company stock valued at $607,167,150. Corporate insiders own 9.46% of the company’s stock.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets. It provides specialist software and information management solutions for government, health, engineering, transport, and property fields; engineering document management and control solutions to asset intensive industry sectors; and delivers software solutions.