Assura (LON:AGR) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Assura Plc (LON:AGR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 41.42 ($0.55) and traded as high as GBX 42.72 ($0.57). Assura shares last traded at GBX 42.18 ($0.56), with a volume of 7,279,489 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AGR shares. Shore Capital reiterated a “hold” rating on shares of Assura in a research note on Tuesday, August 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 51 ($0.68) price target on shares of Assura in a research note on Tuesday, September 17th.

Assura Trading Up 0.1 %

The company has a current ratio of 0.89, a quick ratio of 2.84 and a debt-to-equity ratio of 85.04. The business has a 50 day simple moving average of GBX 41.66 and a two-hundred day simple moving average of GBX 41.42. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of -4,218.00, a price-to-earnings-growth ratio of 3.60 and a beta of 0.37.

Assura Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 5th will be given a dividend of GBX 0.84 ($0.01) per share. This represents a dividend yield of 2.01%. The ex-dividend date is Thursday, September 5th. Assura’s payout ratio is currently -30,000.00%.

Insider Buying and Selling

In other Assura news, insider Jonathan Murphy sold 223,534 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of GBX 42 ($0.56), for a total transaction of £93,884.28 ($125,580.90). Insiders own 8.38% of the company’s stock.

About Assura

Assura plc is a national healthcare premises specialist and UK REIT based in Altrincham, UK – caring for more than 600 primary healthcare buildings, from which over six million patients are served. A constituent of the FTSE 250 and the EPRA indices, as at 30 September 2023, Assura's portfolio was valued at £2.7 billion.