Christie Group (LON:CTG) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Christie Group plc (LON:CTG)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 104.35 ($1.29) and traded as low as GBX 103.72 ($1.28). Christie Group shares last traded at GBX 103.72 ($1.28), with a volume of 22,000 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Christie Group in a report on Tuesday, November 5th.

Christie Group Stock Down 3.5 %

The company has a quick ratio of 1.14, a current ratio of 0.84 and a debt-to-equity ratio of 525.76. The company has a market capitalization of £27.52 million, a price-to-earnings ratio of -797.85 and a beta of 0.67. The business’s 50-day moving average is GBX 104.35 and its 200-day moving average is GBX 104.81.

Insider Activity

In other news, insider Simon Edward Herrick acquired 9,251 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of GBX 108 ($1.33) per share, with a total value of £9,991.08 ($12,349.91). Insiders own 83.42% of the company’s stock.

Christie Group Company Profile

Christie Group plc, together with its subsidiaries, provides professional services for the hospitality, leisure, healthcare, medical, childcare, education, and retail sectors in Europe and internationally. It operates in three segments: Professional & Financial Services; Stock & Inventory Systems & Services; and Other.