Blancco Technology Group (LON:BLTG) Shares Cross Below Fifty Day Moving Average of $209.35

Blancco Technology Group plc (LON:BLTG – Get Rating)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 209.35 ($2.54) and traded as low as GBX 189 ($2.29). Blancco Technology Group shares last traded at GBX 192.50 ($2.34), with a volume of 9,639 shares.

Separately, Berenberg Bank assumed coverage on Blancco Technology Group in a report on Friday, April 22nd. They set a “buy” rating and a GBX 310 ($3.76) price objective for the company.

The company has a current ratio of 2.28, a quick ratio of 2.26 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average of GBX 209.35 and a 200-day moving average of GBX 220.16. The company has a market capitalization of £144.16 million and a price-to-earnings ratio of 62.10.

Blancco Technology Group Company Profile (LON:BLTG)

Blancco Technology Group plc, together with its subsidiaries, provides data erasure and mobile lifecycle solutions in the United States, the United Kingdom, the Asia Pacific, Europe, and internationally. It offers Blancco Drive Eraser, which erases sensitive data from servers, laptops, desktops, and drives; Blancco File Eraser, a file erasure software, which erases sensitive files and folders from PC desktop computers, laptops, and servers; and Blancco Removable Media Eraser, a data sanitization software that erases data from removable media, including USB drives, SD cards, micro drives, CompactFlash cards, and other flash memory storage devices.

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