VP (LON:VP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Vp plc (LON:VP)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 626.99 ($7.67) and traded as low as GBX 555.47 ($6.80). VP shares last traded at GBX 570 ($6.98), with a volume of 1,503 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 950 ($11.63) price objective on shares of VP in a research note on Friday, October 4th.

VP Stock Performance

The company has a debt-to-equity ratio of 126.29, a quick ratio of 1.08 and a current ratio of 1.05. The company has a market capitalization of £224.92 million, a P/E ratio of -4,384.62 and a beta of 0.75. The business has a 50 day moving average of GBX 575.60 and a 200-day moving average of GBX 626.99.

VP Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 11.50 ($0.14) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 2.02%. VP’s payout ratio is -30,000.00%.

About VP

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment.