Vesuvius (LON:VSVS) Share Price Breaks Below 200-Day Moving Average – Time to Sell?

Vesuvius plc (LON:VSVS) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 421.68 and traded as low as GBX 370.80. Vesuvius shares last traded at GBX 374.40, with a volume of 277,755 shares traded.

Wall Street Analysts Forecast Growth

VSVS has been the topic of several research analyst reports. Peel Hunt reiterated a “buy” rating and issued a GBX 525 price objective on shares of Vesuvius in a report on Monday, July 27th. Jefferies Financial Group decreased their target price on Vesuvius from GBX 520 to GBX 480 and set a “buy” rating on the stock in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lowered their price target on Vesuvius from GBX 440 to GBX 400 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Berenberg Bank boosted their price target on Vesuvius from GBX 450 to GBX 550 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 440 price objective on shares of Vesuvius in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vesuvius presently has an average rating of “Moderate Buy” and a consensus target price of GBX 479.

Vesuvius Stock Up 1.2%

The stock has a market capitalization of £1.16 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 0.57 and a beta of 1.13. The business’s 50-day moving average is GBX 386.62 and its two-hundred day moving average is GBX 421.89. The company has a quick ratio of 1.20, a current ratio of 2.05 and a debt-to-equity ratio of 56.90.

Vesuvius (LON:VSVS) last announced its quarterly earnings data on Thursday, July 30th. The company reported GBX 16.30 earnings per share (EPS) for the quarter. Vesuvius had a net margin of 2.09% and a return on equity of 3.36%. Equities analysts anticipate that Vesuvius plc will post 51.3945695 EPS for the current year.

Insider Activity

In related news, insider Patrick André sold 55,936 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of GBX 368, for a total value of £205,844.48. 25.00% of the stock is owned by company insiders.

About Vesuvius

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.