Ingenta (LON:ING) Stock Falls 3.8% – Time to Sell?

Ingenta plc (LON:ING)’s share price dropped 3.8% during trading on Wednesday. The stock traded as low as GBX 64 and last traded at GBX 64. 1,838 shares changed hands during trading, a decline of 97% from the average session volume of 64,144 shares. The stock had previously closed at GBX 66.50.

Ingenta Price Performance

The company has a market capitalization of £9.73 million, a P/E ratio of 7.57 and a beta of 0.72. The firm has a fifty day moving average price of GBX 69.27 and a 200-day moving average price of GBX 86.07.

Ingenta (LON:ING) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX 5 earnings per share for the quarter. Ingenta had a return on equity of 16.63% and a net margin of 11.99%. On average, research analysts forecast that Ingenta plc will post 9.62 EPS for the current year.

About Ingenta

Ingenta provides mission critical software designed to solve the unique problems faced by information and content providers. We tailor our suite of industry-specific technology products to create robust solutions to digitally distribute content and to manage our customers IP and content requirements.

We support a full spectrum of clients ranging between global publishing giants and academic and trade publications, right through to prestigious NGO’s and established music record labels and multimedia companies.