IDOX (LON:IDOX) Stock Passes Above 200-Day Moving Average of $63.97

Shares of IDOX plc (LON:IDOX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 63.97 ($0.80) and traded as high as GBX 67 ($0.84). IDOX shares last traded at GBX 65.40 ($0.82), with a volume of 2,811,345 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 80 ($1.00) target price on shares of IDOX in a report on Tuesday, March 12th.

IDOX Price Performance

The company has a debt-to-equity ratio of 41.86, a quick ratio of 1.00 and a current ratio of 0.95. The firm has a market capitalization of £300.38 million, a price-to-earnings ratio of 6,540.00, a price-to-earnings-growth ratio of 3.15 and a beta of 0.39. The business has a fifty day moving average of GBX 62.73 and a two-hundred day moving average of GBX 63.97.

Insider Buying and Selling at IDOX

In other IDOX news, insider David Meaden sold 294,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of GBX 63 ($0.79), for a total value of £185,220 ($232,659.21). Insiders own 5.89% of the company’s stock.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.