IDOX (LON:IDOX) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

IDOX plc (LON:IDOX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 62.07 ($0.80) and traded as low as GBX 54.40 ($0.71). IDOX shares last traded at GBX 54.40 ($0.71), with a volume of 550,962 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on shares of IDOX in a research report on Thursday, July 11th. They set a “buy” rating and a GBX 81 ($1.05) target price on the stock.

IDOX Stock Up 1.8 %

The company has a market capitalization of £257.70 million, a PE ratio of 5,600.00, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The company has a debt-to-equity ratio of 35.05, a quick ratio of 1.00 and a current ratio of 0.92. The firm’s 50-day simple moving average is GBX 60.24 and its 200 day simple moving average is GBX 62.02.

About IDOX

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.