STV Group (LON:STVG) Share Price Crosses Above 200-Day Moving Average of $254.78

STV Group plc (LON:STVG)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 254.78 ($3.37) and traded as high as GBX 263 ($3.47). STV Group shares last traded at GBX 259 ($3.42), with a volume of 39,641 shares.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of STV Group in a report on Tuesday, September 3rd.

STV Group Price Performance

The firm has a market capitalization of £117.06 million, a price-to-earnings ratio of 1,825.00 and a beta of 0.09. The company’s 50 day moving average is GBX 266.62 and its 200 day moving average is GBX 254.83. The company has a quick ratio of 1.09, a current ratio of 1.51 and a debt-to-equity ratio of 1,725.00.

STV Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, September 26th will be given a dividend of GBX 3.90 ($0.05) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 1.48%. STV Group’s payout ratio is presently 7,857.14%.

STV Group Company Profile

STV Group plc, together with its subsidiaries, produces and broadcasts television programs in the United Kingdom. The company operates through Broadcast, Digital, and Studios segments. It offers news, information, and entertainment and drama programs. The company delivers its content on air, online, and on demand.