Value Line (NASDAQ:VALU) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Value Line, Inc. (NASDAQ:VALU) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.67 and traded as low as $38.63. Value Line shares last traded at $38.89, with a volume of 2,344 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Value Line to a “hold” rating in a report on Saturday, September 13th.

Value Line Price Performance

The company has a 50 day moving average price of $38.18 and a 200 day moving average price of $38.67. The firm has a market cap of $365.95 million, a PE ratio of 17.21 and a beta of 1.11.

Value Line (NASDAQ:VALU) last released its quarterly earnings results on Monday, September 15th. The financial services provider reported $0.69 EPS for the quarter. Value Line had a return on equity of 21.35% and a net margin of 61.09%.The business had revenue of $8.61 million during the quarter.

Value Line Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Monday, July 28th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, July 28th. Value Line’s dividend payout ratio is 57.52%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VALU. Cloud Capital Management LLC acquired a new stake in Value Line in the first quarter valued at $127,000. Strs Ohio acquired a new stake in Value Line in the first quarter valued at $356,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Value Line by 284.5% in the first quarter. Oppenheimer & Co. Inc. now owns 21,150 shares of the financial services provider’s stock valued at $818,000 after acquiring an additional 15,650 shares during the period. Hedge funds and other institutional investors own 6.26% of the company’s stock.

Value Line Company Profile

Value Line, Inc produces and sells investment periodicals and related publications. Its investment periodicals and related publications cover a range of investments, including stocks, mutual funds, exchange traded funds (ETFs), and options. The company's research services include The Value Line Investment Survey, The Value Line Investment Survey – Small and Mid-Cap, The Value Line 600, and The Value Line Fund Advisor Plus that provide statistical and text coverage of various investment securities, with an emphasis placed on its proprietary research, analysis, and statistical ranks.