Vianet Group (LON:VNET) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Vianet Group plc (LON:VNET)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 65.78 and traded as high as GBX 68. Vianet Group shares last traded at GBX 68, with a volume of 4,896 shares traded.

Vianet Group Stock Up 2.1%

The company’s 50 day simple moving average is GBX 65.78 and its 200-day simple moving average is GBX 72. The company has a current ratio of 2.34, a quick ratio of 0.69 and a debt-to-equity ratio of 13.30. The firm has a market cap of £19.44 million, a P/E ratio of 19.05, a PEG ratio of 4.65 and a beta of 1.25.

Vianet Group (LON:VNET) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 0.79 earnings per share for the quarter. Vianet Group had a net margin of 5.28% and a return on equity of 2.99%. Research analysts forecast that Vianet Group plc will post 6.199187 earnings per share for the current fiscal year.

Vianet Group Company Profile

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.