Vianet Group (LON:VNET) Stock Passes Below 200 Day Moving Average – Here’s Why

Vianet Group plc (LON:VNET) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 66.43 and traded as low as GBX 65. Vianet Group shares last traded at GBX 65, with a volume of 26,348 shares traded.

Vianet Group Stock Down 1.5%

The firm has a market cap of £18.48 million, a PE ratio of 45.45, a price-to-earnings-growth ratio of 4.65 and a beta of 0.65. The company has a 50-day simple moving average of GBX 66.22 and a 200-day simple moving average of GBX 66.43. The company has a debt-to-equity ratio of 11.36, a current ratio of 2.93 and a quick ratio of 0.69.

Vianet Group (LON:VNET) last issued its quarterly earnings results on Tuesday, June 9th. The company reported GBX 1.43 earnings per share for the quarter. Vianet Group had a return on equity of 1.53% and a net margin of 2.69%.The firm had revenue of GBX 1,523 million for the quarter. Analysts expect that Vianet Group plc will post 6.199187 earnings per share for the current fiscal year.

Vianet Group Company Profile

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.