Marlowe (LON:MRL) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Marlowe plc (LON:MRLGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 330.53 ($4.33) and traded as low as GBX 323 ($4.23). Marlowe shares last traded at GBX 324 ($4.25), with a volume of 228,836 shares trading hands.

Marlowe Stock Performance

The company has a quick ratio of 0.80, a current ratio of 1.24 and a debt-to-equity ratio of 58.99. The stock has a market capitalization of £259.27 million, a price-to-earnings ratio of -30.13 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 330.53 and its 200 day simple moving average is GBX 336.52.

Marlowe Company Profile

(Get Free Report)

Marlowe is a leader in business-critical services and software which assure regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services and software. It is focused on compliance software, eLearning, health & safety, employment law & HR compliance, fire safety & security, water & air hygiene and occupational health services – all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation.

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