STV Group (LON:STVG) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

STV Group plc (LON:STVG)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 212.64 ($2.76) and traded as low as GBX 163 ($2.12). STV Group shares last traded at GBX 164.50 ($2.14), with a volume of 91,174 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of STV Group in a report on Tuesday, March 11th.

STV Group Price Performance

The company has a market capitalization of £75.46 million, a PE ratio of 11.03 and a beta of 0.09. The stock has a 50 day moving average price of GBX 183.64 and a two-hundred day moving average price of GBX 211.61. The company has a debt-to-equity ratio of -14,440.00, a quick ratio of 1.09 and a current ratio of 1.51.

STV Group (LON:STVG) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 29 ($0.38) earnings per share for the quarter. STV Group had a net margin of 3.76% and a negative return on equity of 172.50%. Equities analysts forecast that STV Group plc will post 30.3860523 earnings per share for the current year.

STV Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be paid a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from STV Group’s previous dividend of $3.90. STV Group’s payout ratio is presently 75.10%.

STV Group Company Profile

STV is Scotland’s home of news, entertainment and drama, serving audiences with quality content on air, online and on demand.

STV’s broadcast channel reaches 2.8 million viewers each month, while rapidly growing, free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.