STV Group (LON:STVG) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of STV Group plc (LON:STVG) crossed 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 traded.

Wall Street Analysts Forecast Growth

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

STV Group Stock Performance

The stock has a market cap of £108.86 million, a PE ratio of 1,685.71 and a beta of 0.09. The company has a debt-to-equity ratio of 1,725.00, a current ratio of 1.51 and a quick ratio of 1.09. The stock has a 50-day simple moving average of GBX 252.39 and a 200-day simple moving average of GBX 258.82.

STV Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 3.90 ($0.05) per share. This represents a dividend yield of 1.48%. The ex-dividend date is Thursday, September 26th. 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.