IDOX (LON:IDOX) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

IDOX plc (LON:IDOX)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 58.37 ($0.78) and traded as low as GBX 54.20 ($0.72). IDOX shares last traded at GBX 54.60 ($0.73), with a volume of 408,182 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 90 target price on shares of IDOX in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, IDOX presently has a consensus rating of “Buy” and a consensus price target of GBX 85.50.

IDOX Trading Down 0.7%

The firm has a market cap of £248.97 million, a price-to-earnings ratio of 4,014.71, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The business has a 50 day moving average of GBX 56.74 and a 200 day moving average of GBX 58.37. The company has a quick ratio of 1.00, a current ratio of 0.70 and a debt-to-equity ratio of 30.03.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.