Future (LON:FUTR) Shares Down 10.3% – Time to Sell?

Future plc (LON:FUTR) shares traded down 10.3% during mid-day trading on Saturday . The company traded as low as GBX 668 ($8.88) and last traded at GBX 668 ($8.88). 2,912,707 shares changed hands during trading, an increase of 300% from the average session volume of 728,349 shares. The stock had previously closed at GBX 745 ($9.91).

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Future to a “hold” rating and set a GBX 733 ($9.75) price target on the stock in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,060 ($14.10).

Future Trading Down 10.3%

The firm has a 50 day simple moving average of GBX 747.05 and a 200 day simple moving average of GBX 865.77. The firm has a market cap of £723.31 million, a P/E ratio of 8.56, a P/E/G ratio of 0.64 and a beta of 1.01. The company has a debt-to-equity ratio of 31.50, a quick ratio of 0.60 and a current ratio of 0.69.

About Future

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams