STV Group (LON:STVG) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of STV Group plc (LON:STVG) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 258.94 ($3.38) and traded as low as GBX 230 ($3.00). STV Group shares last traded at GBX 230 ($3.00), with a volume of 9,140 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed 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 capitalization of £107.04 million, a P/E ratio of 1,678.57 and a beta of 0.09. The stock’s fifty day moving average price is GBX 255.32 and its 200-day moving average price is GBX 258.76. 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 firm also recently declared a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, September 26th will be issued a dividend of GBX 3.90 ($0.05) per share. This represents a yield of 1.48%. The ex-dividend date is Thursday, September 26th. STV Group’s dividend payout ratio is 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.