GlobalData (LON:DATA) Shares Pass Below 50 Day Moving Average – Here’s Why

GlobalData Plc (LON:DATA)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 195.86 ($2.41) and traded as low as GBX 181 ($2.23). GlobalData shares last traded at GBX 182.50 ($2.25), with a volume of 691,050 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price objective on GlobalData from GBX 295 ($3.64) to GBX 300 ($3.70) and gave the company a “buy” rating in a report on Tuesday, January 14th.

GlobalData Stock Performance

The stock has a market cap of £1.45 billion, a price-to-earnings ratio of 4,600.00, a P/E/G ratio of 1.52 and a beta of 0.58. The company’s fifty day simple moving average is GBX 195.86 and its two-hundred day simple moving average is GBX 204.48. The company has a debt-to-equity ratio of 5.15, a current ratio of 1.25 and a quick ratio of 0.61.

About GlobalData

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.