Marlowe (LON:MRL) Stock Price Passes Below 50-Day Moving Average of $818.38

Marlowe plc (LON:MRL – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 818.38 ($10.03) and traded as low as GBX 758 ($9.29). Marlowe shares last traded at GBX 758 ($9.29), with a volume of 99,485 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,160 ($14.21) target price on shares of Marlowe in a research note on Tuesday, June 28th.

Marlowe Trading Down 1.6 %

The firm’s 50 day moving average price is GBX 818.38 and its 200-day moving average price is GBX 846.43. The stock has a market cap of £726.76 million and a P/E ratio of 75,800.00. The company has a debt-to-equity ratio of 36.88, a current ratio of 1.13 and a quick ratio of 0.85.

Insider Activity

In related news, insider Rachel Addison acquired 12,922 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was purchased at an average cost of GBX 770 ($9.44) per share, with a total value of £99,499.40 ($121,920.60). In related news, insider Rachel Addison acquired 12,922 shares of the firm’s stock in a transaction dated Thursday, July 7th. The stock was purchased at an average cost of GBX 770 ($9.44) per share, with a total value of £99,499.40 ($121,920.60). Also, insider Adam Councell acquired 6,300 shares of the firm’s stock in a transaction dated Monday, July 4th. The shares were bought at an average cost of GBX 780 ($9.56) per share, with a total value of £49,140 ($60,213.21).

Marlowe Company Profile

(Get Rating)

Marlowe plc provides compliance services and software in the United Kingdom. The company operates in two segments, Governance, Risk & Compliance; and Testing, Inspection & Certification. It offers health and safety, HR and employment law compliance, occupational health, and risk management software; a range of fire safety and security services; and integrated water treatment, hygiene, testing, monitoring, wastewater, and engineering services.

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