GB Group (LON:GBG) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

GB Group plc (LON:GBG)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 318.81 ($4.26) and traded as low as GBX 298 ($3.99). GB Group shares last traded at GBX 304 ($4.07), with a volume of 263,934 shares changing hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 395 ($5.28) target price on shares of GB Group in a report on Wednesday, June 12th.

GB Group Price Performance

The business’s 50-day moving average price is GBX 325.57 and its two-hundred day moving average price is GBX 318.81. The company has a debt-to-equity ratio of 16.45, a current ratio of 1.00 and a quick ratio of 0.74. The firm has a market cap of £766.44 million, a price-to-earnings ratio of -1,600.00, a P/E/G ratio of 173.40 and a beta of 0.30.

GB Group Company Profile

GB Group plc, together with its subsidiaries, provides digital identity products and services in the United Kingdom, the United States of America, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. It provides identity products comprising ID3global, an identity verification, IDscan, a ID document verification, IDscan core, a personalized document verification, Scannet, a venue ID verification, investigate, a search subject analysis, and ProID, a no-code industry verification solution.