GlobalData (LON:DATA) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Posted by MarketBeat News on Oct 26th, 2024

GlobalData Plc (LON:DATA – Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 206.44 ($2.68) and traded as low as GBX 187 ($2.43). GlobalData shares last traded at GBX 191 ($2.48), with a volume of 663,177 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed coverage on GlobalData in a report on Wednesday, September 11th. They issued a “buy” rating and a GBX 295 ($3.83) price objective for the company.

View Our Latest Report on GlobalData

GlobalData Stock Up 1.1 %

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The business has a fifty day moving average of GBX 206.44 and a 200 day moving average of GBX 214.04. The firm has a market cap of £1.51 billion, a P/E ratio of 4,775.00, a P/E/G ratio of 1.52 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.15.

GlobalData Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 5th were issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a yield of 0.69%. GlobalData’s dividend payout ratio is presently 12,500.00%.

Insider Activity at GlobalData

In related news, insider Graham Lilley sold 250,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of GBX 225 ($2.92), for a total value of £562,500 ($730,329.78). 66.45% of the stock is currently owned by corporate insiders.

GlobalData Company Profile

(Get Free Report)

GlobalData Plc, together with its subsidiaries, provides business information in the form of proprietary data, analytics, and insights in Europe, North America, and the Asia Pacific. The company also offers performance advertising services. It serves aerospace, defense, and security; agribusiness; apparel; automotive; banking and payments; construction; consumer; food services; healthcare; insurance; medical devices; mining; oil and gas; packaging; pharmaceutical; power; retail; technology; travel and tourism; and sport industries, as well as public sectors.