Marlowe (LON:MRL) Shares Cross Below 50-Day Moving Average of $487.32

Marlowe plc (LON:MRL – Get 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 487.32 ($5.94) and traded as low as GBX 430 ($5.24). Marlowe shares last traded at GBX 433 ($5.28), with a volume of 402,685 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,160 ($14.14) price objective on shares of Marlowe in a research note on Wednesday, November 23rd.

Marlowe Trading Up 0.7 %

The company has a quick ratio of 0.80, a current ratio of 1.12 and a debt-to-equity ratio of 45.53. The firm’s 50 day simple moving average is GBX 487.32 and its 200-day simple moving average is GBX 590.84. The company has a market capitalization of £415.16 million, a PE ratio of 48,400.00 and a beta of 0.59.

About Marlowe

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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.