GlobalData (LON:DATA) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

GlobalData Plc (LON:DATA) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 190.10 ($2.39) and traded as low as GBX 187.50 ($2.36). GlobalData shares last traded at GBX 187.50 ($2.36), with a volume of 8,428,820 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on GlobalData from GBX 295 ($3.71) to GBX 300 ($3.77) and gave the company a “buy” rating in a research note on Tuesday, January 14th.

GlobalData Stock Down 3.1 %

The firm has a market capitalization of £1.51 billion, a price-to-earnings ratio of 44.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.58. The business has a 50 day moving average of GBX 190.15 and a 200 day moving average of GBX 199.26. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.25 and a quick ratio of 0.61.

Insider Activity at GlobalData

In related news, insider Michael Danson sold 2,000,000 shares of GlobalData stock in a transaction dated Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.45), for a total transaction of £3,900,000 ($4,904,426.56). 66.45% of the stock is currently owned by insiders.

About GlobalData

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.