Molten Ventures’ (GROW) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Molten Ventures (LON:GROW) in a report published on Thursday morning, MarketBeat reports. They currently have a GBX 580 ($7.74) price objective on the stock.

Molten Ventures Stock Performance

LON:GROW opened at GBX 280 ($3.73) on Thursday. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 197.67. Molten Ventures has a fifty-two week low of GBX 215.60 ($2.88) and a fifty-two week high of GBX 432.50 ($5.77). The firm has a market cap of £521.10 million, a PE ratio of -15.66 and a beta of 1.25. The business has a 50 day moving average price of GBX 274.01 and a 200-day moving average price of GBX 312.35.

Insiders Place Their Bets

In other Molten Ventures news, insider Benjamin David Wilkinson bought 16,258 shares of Molten Ventures stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of GBX 306 ($4.08) per share, with a total value of £49,749.48 ($66,359.18). Also, insider Andrew Zimmermann purchased 2,211 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of GBX 314 ($4.19) per share, with a total value of £6,942.54 ($9,260.42). Insiders have bought a total of 20,208 shares of company stock valued at $6,166,556 in the last quarter. Insiders own 8.56% of the company’s stock.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.