Molten Ventures (LON:GROW) Share Price Crosses Above Fifty Day Moving Average of $390.75

Molten Ventures Plc (LON:GROW) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 390.75 ($5.23) and traded as high as GBX 412 ($5.52). Molten Ventures shares last traded at GBX 409 ($5.48), with a volume of 372,323 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 580 ($7.77) target price on shares of Molten Ventures in a report on Thursday, August 22nd.

Molten Ventures Stock Performance

The firm’s 50 day moving average is GBX 390.75 and its 200-day moving average is GBX 335.15. The stock has a market capitalization of £760.25 million, a price-to-earnings ratio of -1,947.62 and a beta of 1.25. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 6.44.

About Molten Ventures

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.