Rotork (LON:ROR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Rotork plc (LON:ROR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 324.61 ($4.21) and traded as high as GBX 329.60 ($4.27). Rotork shares last traded at GBX 326.80 ($4.24), with a volume of 191,709,016 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 390 ($5.06) target price on shares of Rotork in a report on Thursday, January 23rd.

Rotork Stock Performance

The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of £2.72 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The firm has a 50 day moving average price of GBX 329.33 and a two-hundred day moving average price of GBX 324.61.

Rotork (LON:ROR) last posted its earnings results on Tuesday, March 11th. The company reported GBX 15.90 ($0.21) earnings per share for the quarter. Rotork had a net margin of 15.98% and a return on equity of 19.42%. On average, research analysts expect that Rotork plc will post 16.4574899 earnings per share for the current fiscal year.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety.