The Parkmead Group (LON:PMG) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of The Parkmead Group plc (LON:PMG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 14.84 and traded as low as GBX 14. The Parkmead Group shares last traded at GBX 14, with a volume of 12,495 shares trading hands.

The Parkmead Group Stock Down 3.4%

The company has a debt-to-equity ratio of 6.39, a quick ratio of 1.04 and a current ratio of 2.85. The company has a market capitalization of £15.30 million, a price-to-earnings ratio of 2.08 and a beta of 1.45. The stock’s fifty day simple moving average is GBX 14 and its two-hundred day simple moving average is GBX 14.84.

About The Parkmead Group

The Parkmead Group plc, an independent oil and gas company, engages in the exploration and production of oil and gas properties in Europe, North America, and internationally. It operates through three segments: Oil and Gas Exploration and Production; Energy Economics; and Renewables. The Oil and Gas Exploration and Production segment invests in oil and gas exploration and production assets. The Energy Economics segment provides energy sector economics, valuation, and benchmarking, advising on energy policies and fiscal matters, undertaking economic evaluations, supply benchmarking services, and training.