Diploma (LON:DPLM) Shares Pass Above 200-Day Moving Average – What’s Next?

Diploma PLC (LON:DPLM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,065.97 ($54.39) and traded as high as GBX 4,498 ($60.17). Diploma shares last traded at GBX 4,422 ($59.15), with a volume of 80,762 shares.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Diploma in a report on Thursday, July 18th.

Diploma Stock Performance

The company has a market cap of £5.64 billion, a P/E ratio of 4,893.02, a price-to-earnings-growth ratio of 2.82 and a beta of 0.75. The company’s fifty day moving average is GBX 4,354.43 and its 200 day moving average is GBX 4,075.97. The company has a current ratio of 2.27, a quick ratio of 0.80 and a debt-to-equity ratio of 45.69.

Diploma Company Profile

Diploma PLC, together with its subsidiaries, supplies specialized technical products and services in the United Kingdom, Continental Europe, North America, and internationally. It operates through three business sectors: Life Sciences, Seals, and Controls. The Life Sciences sector supplies technology-enabled products used in surgical procedures in operating theatres and endoscopy; testing equipment and services for clinical laboratories; and bio-pharma, food safety and testing, and other research-oriented products.