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

Molten Ventures Plc (LON:GROW) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 302.56 ($3.91) and traded as low as GBX 279 ($3.60). Molten Ventures shares last traded at GBX 279 ($3.60), with a volume of 879,226 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 580 ($7.49) target price on shares of Molten Ventures in a research report on Wednesday, December 4th.

Molten Ventures Price Performance

The firm has a market cap of £519.24 million, a P/E ratio of -15.60 and a beta of 1.25. The company has a debt-to-equity ratio of 7.15, a current ratio of 197.67 and a quick ratio of 4.37. The firm’s 50 day moving average is GBX 302.56 and its 200 day moving average is GBX 339.09.

Insider Transactions at Molten Ventures

In other news, insider Benjamin David Wilkinson purchased 16,258 shares of Molten Ventures stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of GBX 306 ($3.95) per share, with a total value of £49,749.48 ($64,234.32). Also, insider Andrew Zimmermann acquired 2,211 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of GBX 314 ($4.05) per share, for a total transaction of £6,942.54 ($8,963.90). Insiders own 8.56% of the company’s stock.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.