4GLOBAL (LON:4GBL) Sets New 52-Week Low Following Analyst Downgrade

Shares of 4GLOBAL plc (LON:4GBL) reached a new 52-week low on Wednesday after Canaccord Genuity Group lowered their price target on the stock from GBX 100 to GBX 65. Canaccord Genuity Group currently has a buy rating on the stock. 4GLOBAL traded as low as GBX 25 ($0.33) and last traded at GBX 26.67 ($0.35), with a volume of 38658 shares. The stock had previously closed at GBX 36.50 ($0.47).

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 ($1.30) price objective on shares of 4GLOBAL in a report on Thursday, December 12th.

4GLOBAL Stock Performance

The stock has a market cap of £7.02 million, a price-to-earnings ratio of -2,666.70 and a beta of -0.40. The company has a debt-to-equity ratio of 6.72, a quick ratio of 3.05 and a current ratio of 3.15. The company’s 50 day simple moving average is GBX 40.74 and its 200 day simple moving average is GBX 43.92.

About 4GLOBAL

4GLOBAL empowers sports, fitness and wellness organisations to make faster, smarter decisions about their operations, customers and investments through data and actionable insights.

It operates the largest sport participation and facility database in the world, with more than 4 billion data points.

Its customers span both the public and private sectors, including central and local governments (e.g.