Rotork (LON:ROR) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Rotork plc (LON:ROR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 328.47 and traded as high as GBX 345.80. Rotork shares last traded at GBX 340, with a volume of 711,388 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROR. Berenberg Bank restated a “buy” rating and issued a GBX 395 target price on shares of Rotork in a research note on Tuesday, August 5th. Shore Capital reaffirmed a “hold” rating on shares of Rotork in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 430 price objective on shares of Rotork in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Rotork currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 396.25.

Rotork Trading Up 0.9%

The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market cap of £2.84 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.48 and a beta of 0.96. The stock has a 50-day moving average of GBX 341.61 and a two-hundred day moving average of GBX 328.47.

Rotork (LON:ROR) last posted its quarterly earnings data on Tuesday, August 5th. The company reported GBX 7.10 earnings per share for the quarter. Rotork had a return on equity of 19.42% and a net margin of 15.98%. On average, equities research analysts predict that Rotork plc will post 16.4574899 earnings per share for the current year.

Insider Activity at Rotork

In other Rotork news, insider Dorothy Thompson bought 17,610 shares of Rotork stock in a transaction on Wednesday, October 8th. The stock was acquired at an average price of GBX 340 per share, with a total value of £59,874. Insiders own 0.30% of the company’s stock.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety.