STV Group (LON:STVG) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

STV Group plc (LON:STVG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 258.82 ($3.36) and traded as low as GBX 236 ($3.06). STV Group shares last traded at GBX 236 ($3.06), with a volume of 6,772 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of STV Group in a research report on Tuesday, September 3rd.

STV Group Stock Performance

The company has a market cap of £108.64 million, a P/E ratio of 1,703.57 and a beta of 0.09. The business has a 50 day moving average price of GBX 251.75 and a two-hundred day moving average price of GBX 258.82. The company has a debt-to-equity ratio of 1,725.00, a quick ratio of 1.09 and a current ratio of 1.51.

STV Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, September 26th will be given a GBX 3.90 ($0.05) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 1.48%. STV Group’s payout ratio is currently 7,857.14%.

STV Group Company Profile

STV Group plc, together with its subsidiaries, produces and broadcasts television programs in the United Kingdom. The company operates through Broadcast, Digital, and Studios segments. It offers news, information, and entertainment and drama programs. The company delivers its content on air, online, and on demand.