Rotork (LON:ROR) Stock Crosses Below 200-Day Moving Average of $313.60

Rotork plc (LON:ROR) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 313.60 ($3.96) and traded as low as GBX 301.20 ($3.80). Rotork shares last traded at GBX 302.40 ($3.82), with a volume of 563,510 shares traded.

Analyst Ratings Changes

ROR has been the topic of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 340 ($4.29) price objective on shares of Rotork in a research note on Thursday, June 15th. Shore Capital reissued a “hold” rating on shares of Rotork in a research note on Tuesday, August 8th. Finally, JPMorgan Chase & Co. lowered Rotork to a “neutral” rating and lowered their price objective for the stock from GBX 345 ($4.36) to GBX 330 ($4.17) in a research note on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 336 ($4.24).

Rotork Trading Down 0.7 %

The company has a 50 day moving average price of GBX 300.86 and a 200 day moving average price of GBX 313.42. The firm has a market cap of £2.61 billion, a price-to-earnings ratio of 2,520.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.08. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.16 and a current ratio of 3.07.

Rotork Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 17th will be paid a GBX 2.55 ($0.03) dividend. This represents a dividend yield of 0.86%. The ex-dividend date is Thursday, August 17th. Rotork’s dividend payout ratio (DPR) is presently 5,833.33%.

About Rotork

Rotork plc designs, manufactures, and markets flow control and instrumentation solutions for the oil and gas, water and wastewater, power, chemical, process, and industrial markets. It operates through three segments: Oils & Gas; Water & Power; and Chemical, Process & Industrial segments.