Marlowe (LON:MRL) Share Price Passes Below 50 Day Moving Average of $872.46

Marlowe plc (LON:MRLGet Rating)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 872.46 ($10.59) and traded as low as GBX 790 ($9.59). Marlowe shares last traded at GBX 790 ($9.59), with a volume of 112,971 shares changing hands.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 1,160 ($14.08) price objective on shares of Marlowe in a research report on Tuesday, May 17th.

The company has a quick ratio of 1.38, a current ratio of 1.58 and a debt-to-equity ratio of 45.25. The firm’s 50 day simple moving average is GBX 872.46 and its 200 day simple moving average is GBX 894.80. The company has a market capitalization of £757.12 million and a PE ratio of -607.69.

Marlowe Company Profile (LON:MRL)

Marlowe plc provides water treatment, air hygiene, health and safety, and risk and compliance software services in the United Kingdom. The company operates through two segments, Governance, Risk & Compliance; and Testing, Inspection & Certification. It provides health and safety, HR compliance, occupational health, and risk management software; designs, installs, and maintains fire protection and security systems; and provides integrated water treatment, hygiene, testing, monitoring, wastewater, and engineering services.

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