Molten Ventures (LON:GROW) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Molten Ventures Plc (LON:GROW)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 311.40 ($3.89) and traded as low as GBX 307.50 ($3.84). Molten Ventures shares last traded at GBX 311.50 ($3.89), with a volume of 539,799 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 580 ($7.24) price target on shares of Molten Ventures in a research report on Wednesday, December 4th.

Molten Ventures Stock Up 1.6 %

The company has a quick ratio of 4.37, a current ratio of 6.44 and a debt-to-equity ratio of 7.15. The stock has a market cap of £577.43 million, a P/E ratio of -1,483.33 and a beta of 1.25. The company has a 50-day simple moving average of GBX 311.40 and a two-hundred day simple moving average of GBX 359.33.

Molten Ventures (LON:GROW) last released its quarterly earnings results on Wednesday, November 20th. The company reported GBX (20) (($0.25)) earnings per share (EPS) for the quarter. On average, equities analysts forecast that Molten Ventures Plc will post 36.9209809 EPS for the current year.

Insiders Place Their Bets

In related news, insider Benjamin David Wilkinson bought 13,007 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average cost of GBX 309 ($3.86) per share, with a total value of £40,191.63 ($50,183.08). Insiders own 8.56% of the company’s stock.

Molten Ventures Company Profile

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.