Molten Ventures (LON:GROW) Shares Cross Below 50 Day Moving Average – What’s Next?

Shares of Molten Ventures Plc (LON:GROW) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 405.34 ($5.26) and traded as low as GBX 396.50 ($5.15). Molten Ventures shares last traded at GBX 417 ($5.41), with a volume of 430,476 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 580 ($7.53) target price on shares of Molten Ventures in a report on Thursday, August 22nd.

Molten Ventures Stock Up 5.2 %

The firm’s fifty day moving average price is GBX 405.34 and its two-hundred day moving average price is GBX 358.35. The stock has a market cap of £772.99 million, a price-to-earnings ratio of -1,985.71 and a beta of 1.25. The company has a debt-to-equity ratio of 7.15, a current ratio of 6.44 and a quick ratio of 4.37.

Molten Ventures Company Profile

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.