Ascential (LON:ASCL) Stock Price Crosses Above 50 Day Moving Average of $320.87

Ascential plc (LON:ASCL) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 320.87 ($4.09) and traded as high as GBX 335 ($4.27). Ascential shares last traded at GBX 330.50 ($4.21), with a volume of 619,532 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank began coverage on Ascential in a report on Monday, May 20th. They set a “buy” rating and a GBX 395 ($5.03) price target for the company.

Ascential Stock Performance

The company’s fifty day simple moving average is GBX 320.87 and its two-hundred day simple moving average is GBX 304.74. The company has a debt-to-equity ratio of 76.89, a quick ratio of 0.92 and a current ratio of 2.08. The stock has a market capitalization of £674.22 million, a P/E ratio of 16,525.00, a PEG ratio of 1.06 and a beta of 1.10.

Ascential Increases Dividend

The company also recently announced a dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were paid a dividend of GBX 128.60 ($1.64) per share. The ex-dividend date of this dividend was Monday, May 20th. This is a positive change from Ascential’s previous dividend of $4.00. Ascential’s dividend payout ratio (DPR) is 30,000.00%.

About Ascential

Ascential plc provides specialist information, analytics, and e-commerce optimization platforms in the United Kingdom, rest of Europe, the United States, Canada, China, rest of the Asia Pacific, the Middle East, Africa, and Latin America. The company operates in two segments, Marketing and Financial Technology.