Genus (LON:GNS) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Genus plc (LON:GNS)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,569.03 and traded as low as GBX 2,060. Genus shares last traded at GBX 2,079.90, with a volume of 286,615 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 3,350 target price on shares of Genus in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 3,216.67.

Genus Stock Down 2.3%

The company has a quick ratio of 1.08, a current ratio of 2.25 and a debt-to-equity ratio of 51.73. The firm has a market capitalization of £1.34 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.87 and a beta of 0.90. The business’s 50-day moving average price is GBX 2,271.15 and its 200-day moving average price is GBX 2,569.03.

Insider Buying and Selling

In related news, insider Celia Baxter bought 2,336 shares of the business’s stock in a transaction on Friday, June 26th. The stock was bought at an average price of GBX 2,140 per share, for a total transaction of £49,990.40. Also, insider Jorgen Kokke sold 3,450 shares of Genus stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of GBX 2,267, for a total transaction of £78,211.50. 0.71% of the stock is owned by corporate insiders.

About Genus

Genus plc operates as an animal genetics company in North America, Latin America, the United Kingdom, rest of Europe, the Middle East, Russia, Africa, and Asia. The company operates through three segments: Genus PIC, Genus ABS, and Genus Research and Development. It sells breeding pigs and semen to breed pigs with various characteristics for pork production under the PIC brand. The company also sells bull semen and embryos to breed calves with various characteristics for milk and beef production under the ABS, Genus, and Bovec brands.