GlobalData (LON:DATA) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of GlobalData Plc (LON:DATA) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 195.86 ($2.41) and traded as low as GBX 181 ($2.23). GlobalData shares last traded at GBX 182.50 ($2.25), with a volume of 691,050 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price target on shares of GlobalData from GBX 295 ($3.64) to GBX 300 ($3.70) and gave the stock a “buy” rating in a report on Tuesday, January 14th.

GlobalData Stock Up 0.8 %

The stock’s 50-day simple moving average is GBX 195.86 and its 200 day simple moving average is GBX 204.48. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.15. The firm has a market cap of £1.45 billion, a P/E ratio of 4,600.00, a PEG ratio of 1.52 and a beta of 0.58.

GlobalData Company Profile

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.