Molten Ventures (LON:GROW) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Molten Ventures Plc (LON:GROW) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 398.32 ($5.21) and traded as low as GBX 382.50 ($5.01). Molten Ventures shares last traded at GBX 388.50 ($5.08), with a volume of 159,259 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 580 ($7.59) price target on shares of Molten Ventures in a report on Thursday, August 22nd.

Molten Ventures Price Performance

The company has a 50-day simple moving average of GBX 398.32 and a 200-day simple moving average of GBX 345.72. The stock has a market cap of £720.16 million, a PE ratio of -1,850.00 and a beta of 1.25. The company has a debt-to-equity ratio of 7.15, a current ratio of 6.44 and a quick ratio of 4.37.

Molten Ventures Company Profile

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.