Silvercorp Metals (TSE:SVM) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Silvercorp Metals Inc. (TSE:SVM) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$16.12 and traded as low as C$12.90. Silvercorp Metals shares last traded at C$12.99, with a volume of 961,925 shares traded.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upgraded Silvercorp Metals to a “hold” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$17.50.

Silvercorp Metals Stock Down 7.9%

The company has a debt-to-equity ratio of 12.00, a quick ratio of 4.43 and a current ratio of 3.51. The stock has a market capitalization of C$2.68 billion, a P/E ratio of 110.00, a price-to-earnings-growth ratio of 0.03 and a beta of 2.77. The stock’s fifty day simple moving average is C$15.96 and its two-hundred day simple moving average is C$15.86.

Silvercorp Metals (TSE:SVM) last announced its quarterly earnings results on Tuesday, August 11th. The company reported C$0.30 earnings per share (EPS) for the quarter. The firm had revenue of C$197.01 million during the quarter. Silvercorp Metals had a net margin of 6.12% and a return on equity of 3.57%. As a group, research analysts expect that Silvercorp Metals Inc. will post 0.54 EPS for the current fiscal year.

Insider Buying and Selling at Silvercorp Metals

In related news, Director Rui Feng sold 30,000 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$14.95, for a total value of C$448,500.00. Following the completion of the sale, the director directly owned 6,531,000 shares in the company, valued at C$97,638,450. This represents a 0.46% decrease in their ownership of the stock. 3.67% of the stock is currently owned by corporate insiders.

Silvercorp Metals Company Profile

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.