STV Group (LON:STVG) Shares Cross Below 200-Day Moving Average – What’s Next?

STV Group plc (LON:STVG)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 206.23 ($2.68) and traded as low as GBX 150.50 ($1.95). STV Group shares last traded at GBX 160 ($2.08), with a volume of 46,905 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of STV Group in a research report on Tuesday, March 11th.

STV Group Price Performance

The firm has a market cap of £74.76 million, a P/E ratio of 10.92 and a beta of 0.09. The business’s fifty day simple moving average is GBX 176.47 and its 200-day simple moving average is GBX 206.23. The company has a current ratio of 1.51, a quick ratio of 1.09 and a debt-to-equity ratio of -14,440.00.

STV Group (LON:STVG) last released its quarterly earnings data on Wednesday, March 12th. The company reported GBX 29 ($0.38) earnings per share (EPS) for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. As a group, analysts forecast that STV Group plc will post 30.3860523 EPS for the current fiscal year.

STV Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be paid a GBX 7.40 ($0.10) dividend. The ex-dividend date is Thursday, April 17th. This is a boost from STV Group’s previous dividend of $3.90. This represents a yield of 4.5%. STV Group’s dividend payout ratio is currently 75.10%.

STV Group Company Profile

STV is Scotland’s home of news, entertainment and drama, serving audiences with quality content on air, online and on demand.

STV’s broadcast channel reaches 2.8 million viewers each month, while rapidly growing, free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.