GB Group (LON:GBG) Stock Passes Below 200-Day Moving Average of $315.81

GB Group plc (LON:GBG)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 315.81 ($4.17) and traded as low as GBX 301.40 ($3.98). GB Group shares last traded at GBX 307.80 ($4.07), with a volume of 362,658 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 395 ($5.22) price target on shares of GB Group in a report on Wednesday, June 12th.

GB Group Stock Performance

The stock has a market cap of £786.55 million, a PE ratio of -1,620.00, a P/E/G ratio of 173.40 and a beta of 0.30. The firm’s 50-day moving average is GBX 333.69 and its 200 day moving average is GBX 315.81. The company has a debt-to-equity ratio of 16.45, a quick ratio of 0.74 and a current ratio of 1.00.

Insider Activity

In other news, insider Dev Dhiman acquired 20,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were bought at an average cost of GBX 338 ($4.46) per share, with a total value of £67,600 ($89,299.87). Corporate insiders own 1.75% of the company’s stock.

GB Group Company Profile

GB Group plc, together with its subsidiaries, provides digital identity products and services in the United Kingdom, the United States of America, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. It provides identity products comprising ID3global, an identity verification, IDscan, a ID document verification, IDscan core, a personalized document verification, Scannet, a venue ID verification, investigate, a search subject analysis, and ProID, a no-code industry verification solution.