Sports Direct International (LON:SPD) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Sports Direct International Plc (LON:SPDGet Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 470 ($6.10) and traded as high as GBX 486 ($6.30). Sports Direct International shares last traded at GBX 470 ($6.10), with a volume of 3,140,932 shares changing hands.

Sports Direct International Stock Down 0.5 %

The company has a debt-to-equity ratio of 65.99, a quick ratio of 1.33 and a current ratio of 3.39. The firm has a market cap of £2.45 billion and a price-to-earnings ratio of 21.86. The business’s 50 day moving average price is GBX 470 and its 200 day moving average price is GBX 470.

About Sports Direct International

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Sports Direct International plc, together with its subsidiaries, retails sports and leisure clothing, footwear, equipment, and apparel. It operates through five segments: UK Sports Retail, European Retail, Rest of World Retail, Premium Lifestyle, and Wholesale & Licensing. The company is also involved in the wholesale distribution and sale of sports and leisure clothing, footwear, equipment, and apparel under company-owned or licensed brands; and licensing activities.

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