IDOX (LON:IDOX) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

IDOX plc (LON:IDOX) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 59.57 ($0.79) and traded as low as GBX 56 ($0.75). IDOX shares last traded at GBX 56.59 ($0.75), with a volume of 304,001 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 81 ($1.08) target price on shares of IDOX in a research report on Tuesday, January 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 90 ($1.20) target price on shares of IDOX in a research report on Wednesday, April 30th.

IDOX Stock Performance

The company has a current ratio of 0.70, a quick ratio of 1.00 and a debt-to-equity ratio of 30.03. The firm has a market capitalization of £258.22 million, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The company has a 50-day moving average of GBX 56 and a 200-day moving average of GBX 59.58.

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.