Vitec Group (LON:VTC) Stock Crosses Above Two Hundred Day Moving Average of $679.16

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Shares of Vitec Group plc (LON:VTC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $679.16 and traded as high as $758.00. Vitec Group shares last traded at $746.00, with a volume of 24,736 shares trading hands.

Several equities analysts have recently issued reports on the company. Peel Hunt boosted their price objective on Vitec Group from GBX 690 ($9.02) to GBX 800 ($10.45) and gave the company a “buy” rating in a report on Wednesday, July 29th. Shore Capital reaffirmed a “buy” rating on shares of Vitec Group in a report on Friday, June 12th.

The company has a market cap of $345.77 million and a price-to-earnings ratio of -229.70. The company has a current ratio of 1.30, a quick ratio of 0.62 and a debt-to-equity ratio of 80.09. The business has a fifty day moving average of GBX 726.56 and a two-hundred day moving average of GBX 678.82.

Vitec Group (LON:VTC) last released its quarterly earnings results on Thursday, August 6th. The company reported GBX (9.90) (($0.13)) earnings per share for the quarter, missing analysts’ consensus estimates of GBX (8.50) (($0.11)) by GBX (1.40) (($0.02)). On average, research analysts forecast that Vitec Group plc will post 7038.9707588 EPS for the current fiscal year.

In other news, insider Ian P. McHoul acquired 5,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average cost of GBX 683 ($8.92) per share, for a total transaction of £34,150 ($44,623.02). Also, insider Duncan Penny acquired 2,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of GBX 655 ($8.56) per share, with a total value of £13,100 ($17,117.47).

About Vitec Group (LON:VTC)

The Vitec Group plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional images for the broadcast, cinematic, video, and photographic applications worldwide. It operates through three divisions: Imaging Solutions, Production Solutions, and Creative Solutions.

See Also: Outstanding Shares

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