Molten Ventures (LON:GROW) Shares Pass Below 50-Day Moving Average – Here’s Why

Molten Ventures Plc (LON:GROW) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 311.40 ($3.89) and traded as low as GBX 307.50 ($3.84). Molten Ventures shares last traded at GBX 311.50 ($3.89), with a volume of 539,799 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 580 ($7.24) price objective on shares of Molten Ventures in a report on Wednesday, December 4th.

Molten Ventures Stock Up 1.6 %

The firm has a market cap of £577.43 million, a P/E ratio of -1,483.33 and a beta of 1.25. The company’s 50-day simple moving average is GBX 311.40 and its 200 day simple moving average is GBX 359.33. The company has a debt-to-equity ratio of 7.15, a current ratio of 6.44 and a quick ratio of 4.37.

Molten Ventures (LON:GROW) last announced its earnings results on Wednesday, November 20th. The company reported GBX (20) (($0.25)) earnings per share (EPS) for the quarter. Research analysts anticipate that Molten Ventures Plc will post 36.9209809 EPS for the current fiscal year.

Insider Activity

In other news, insider Benjamin David Wilkinson acquired 13,007 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were acquired at an average price of GBX 309 ($3.86) per share, for a total transaction of £40,191.63 ($50,183.08). Corporate 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.