Vianet Group (LON:VNET) Share Price Passes Above 50-Day Moving Average – What’s Next?

Vianet Group plc (LON:VNET)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 65.68 and traded as high as GBX 66.30. Vianet Group shares last traded at GBX 66.30, with a volume of 55,157 shares trading hands.

Vianet Group Price Performance

The company has a quick ratio of 0.69, a current ratio of 2.93 and a debt-to-equity ratio of 11.36. The stock’s 50-day simple moving average is GBX 65.68 and its two-hundred day simple moving average is GBX 66.34. The company has a market capitalization of £18.79 million, a price-to-earnings ratio of 18.41, a PEG ratio of 4.65 and a beta of 0.65.

Vianet Group (LON:VNET) last announced its earnings results on Tuesday, June 9th. The company reported GBX 1.43 earnings per share (EPS) for the quarter. Vianet Group had a net margin of 2.69% and a return on equity of 1.53%. The business had revenue of GBX 1,523 million for the quarter. Equities research analysts predict that Vianet Group plc will post 6.199187 earnings per share for the current year.

About Vianet Group

Vianet Group plc provides data services, actionable management information, and business insights in the United Kingdom, rest of Europe, the United States, and Canada. It operates through two segments: Smart Zones and Smart Machines. The company offers SmartContact, a contactless payment solution; SmartVend, a vending management system; iDraught, a draught beer quality and waste management system; SmartInsight, which provides actionable data and insights through interactive reporting; SmartAcademy which offers a range of e-learning videos and face to face training courses to support the business; and SmartMetrics, a telemetry solution that offers data capture and machine management services.