Christie Group (LON:CTG) Shares Cross Below Fifty Day Moving Average – Here’s Why

Christie Group plc (LON:CTG)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 140.88 and traded as low as GBX 135. Christie Group shares last traded at GBX 140, with a volume of 9,737 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Christie Group in a research report on Tuesday, June 16th.

Christie Group Stock Up 1.8%

The company has a current ratio of 0.84, a quick ratio of 1.14 and a debt-to-equity ratio of 525.76. The stock’s 50-day simple moving average is GBX 140.88 and its 200-day simple moving average is GBX 133.64. The firm has a market capitalization of £35.88 million, a P/E ratio of 27.67 and a beta of 0.67.

Christie Group (LON:CTG) last released its earnings results on Monday, April 27th. The company reported GBX 19.37 earnings per share (EPS) for the quarter. Christie Group had a negative return on equity of 80.44% and a negative net margin of 4.87%.The company had revenue of GBX 7,060 million during the quarter. As a group, research analysts predict that Christie Group plc will post 1500.0000655 earnings per share for the current fiscal year.

Insider Buying and Selling at Christie Group

In other news, insider Dan Prickett bought 8,791 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of GBX 150 per share, with a total value of £13,186.50. 61.37% of the stock is owned by corporate insiders.

About Christie Group

Christie Group plc, together with its subsidiaries, provides professional services for the hospitality, leisure, healthcare, medical, childcare, education, and retail sectors in Europe and internationally. It operates in three segments: Professional & Financial Services; Stock & Inventory Systems & Services; and Other. The company engages in valuing, buying, selling, developing, financing, and insuring various businesses; provision of appraisal and project management services, as well as professional agency, consultancy and valuation, and insurance services under the Christie & Co, Christie Finance, Christie Insurance, and Pinders brands.