dotdigital Group (LON:DOTD) Share Price Passes Above 200-Day Moving Average – Here’s Why

dotdigital Group Plc (LON:DOTD) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 48.92 and traded as high as GBX 51.30. dotdigital Group shares last traded at GBX 50.62, with a volume of 447,208 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 135 price objective on shares of dotdigital Group in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 122.50.

dotdigital Group Trading Down 0.3%

The company has a debt-to-equity ratio of 1.46, a quick ratio of 3.94 and a current ratio of 3.11. The firm has a market capitalization of £146.50 million, a PE ratio of 16.43, a P/E/G ratio of 11.36 and a beta of 1.46. The stock’s 50-day simple moving average is GBX 49.66 and its 200-day simple moving average is GBX 48.88.

About dotdigital Group

Dotdigital Group plc (AIM: DOTD) is the leading SaaS provider of an AI-powered customer experience and data platform for intelligent, personalised marketing engagement at scale. Dotdigital’s customer experience and data platform (CXDP) combines the power of automation and AI to help businesses deliver hyper-relevant customer experiences at scale. With Dotdigital, marketing teams can unify and enrich their customer data, identify valuable customer segments, and deliver personalised cross-channel customer journeys that result in engagements, conversions, and loyalty.

Founded in 1999, Dotdigital is headquartered in London with offices in Manchester, Southampton, New York, Melbourne, Sydney, Singapore, Tokyo and Cape Town.