STV Group (LON:STVG) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of STV Group plc (LON:STVG) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 249.81 ($3.13) and traded as low as GBX 220 ($2.76). STV Group shares last traded at GBX 220 ($2.76), with a volume of 5,100 shares trading hands.

Wall Street Analyst Weigh In

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

STV Group Stock Down 0.5 %

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. The company has a market capitalization of £100.21 million, a P/E ratio of 1,571.43 and a beta of 0.09. The firm has a fifty day simple moving average of GBX 224.65 and a 200-day simple moving average of GBX 249.81.

Insider Buying and Selling

In related news, insider Colin Robert Jones acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of GBX 218 ($2.73) per share, for a total transaction of £21,800 ($27,342.28). 5.86% of the stock is currently owned by company insiders.

About STV Group

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.