IDOX (LON:IDOX) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of IDOX plc (LON:IDOX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 61.56 ($0.77) and traded as high as GBX 64.80 ($0.81). IDOX shares last traded at GBX 62.60 ($0.78), with a volume of 822,002 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 81 ($1.01) price target on shares of IDOX in a research note on Tuesday, January 28th.

IDOX Price Performance

The firm has a market cap of £288.07 million, a PE ratio of 6,260.00, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. The company has a quick ratio of 1.00, a current ratio of 0.92 and a debt-to-equity ratio of 35.05. The stock has a 50 day moving average price of GBX 62.89 and a two-hundred day moving average price of GBX 61.56.

IDOX (LON:IDOX) last released its earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) EPS for the quarter. IDOX had a return on equity of 7.62% and a net margin of 6.82%. As a group, equities analysts expect that IDOX plc will post 2.7173913 earnings per share for the current year.

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.