Vianet Group (LON:VNET) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Vianet Group plc (LON:VNET)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 63.75 and traded as high as GBX 67.90. Vianet Group shares last traded at GBX 66.98, with a volume of 57,375 shares changing hands.

Vianet Group Stock Up 1.5%

The business’s 50 day moving average is GBX 63.75 and its 200-day moving average is GBX 65.32. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.69 and a current ratio of 2.61. The firm has a market capitalization of £19.04 million, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 4.65 and a beta of 0.65.

About Vianet Group

Vianet Group plc provides data services, actionable management information, and business insights in the United Kingdom, rest of Europe, the United States, and Canada. It operates through two segments: Smart Zones and Smart Machines. The company offers SmartContact, a contactless payment solution; SmartVend, a vending management system; iDraught, a draught beer quality and waste management system; SmartInsight, which provides actionable data and insights through interactive reporting; SmartAcademy which offers a range of e-learning videos and face to face training courses to support the business; and SmartMetrics, a telemetry solution that offers data capture and machine management services.