STV Group (LON:STVG) Stock Price Passes Above 200 Day Moving Average – Here’s Why

STV Group plc (LON:STVG) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 104.62 and traded as high as GBX 112. STV Group shares last traded at GBX 112, with a volume of 28,867 shares traded.

STV Group Trading Up 2.8%

The firm has a market capitalization of £51.27 million, a P/E ratio of -10.37 and a beta of 0.15. The business’s 50-day moving average is GBX 106.83 and its 200 day moving average is GBX 104.62. The company has a debt-to-equity ratio of -890.59, a current ratio of 1.50 and a quick ratio of 1.08.

Insider Activity at STV Group

In other STV Group news, insider Mark Hoad bought 10,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were bought at an average cost of GBX 107 per share, with a total value of £10,700. Corporate insiders own 2.54% of the company’s stock.

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.

STV Studios is a portfolio of 20+ production labels based across the UK’s nations and regions, creating world-class entertainment for UK and international networks and streamers including Apple TV+ drama Criminal Record, global phenomenon LEGO Masters, antiques favourite, The Travelling Auctioneers for BBC and reality juggernaut The Fortune Hotel for ITV.