Northgate (LON:NTG) Share Price Passes Above 200-Day Moving Average – What’s Next?

Northgate plc (LON:NTG) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 250 ($3.15) and traded as high as GBX 255.50 ($3.22). Northgate shares last traded at GBX 250 ($3.15), with a volume of 1,360,234 shares changing hands.

Northgate Stock Performance

The company has a debt-to-equity ratio of 96.53, a current ratio of 1.00 and a quick ratio of 0.78. The firm has a fifty day simple moving average of GBX 250 and a 200 day simple moving average of GBX 250. The company has a market capitalization of £333.08 million and a price-to-earnings ratio of 7.04.

Northgate Company Profile

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.