Marlowe (LON:MRL) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Marlowe plc (LON:MRL) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 393.51 ($5.10) and traded as low as GBX 326 ($4.23). Marlowe shares last traded at GBX 333 ($4.32), with a volume of 776,233 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MRL shares. Berenberg Bank reissued a “buy” rating and issued a GBX 710 ($9.21) price target on shares of Marlowe in a report on Wednesday, August 21st. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 690 ($8.95) price target on shares of Marlowe in a report on Thursday, August 1st.

Marlowe Stock Performance

The company has a market capitalization of £292.07 million, a price-to-earnings ratio of -2,378.57 and a beta of 0.44. The stock has a fifty day moving average price of GBX 393.51 and a two-hundred day moving average price of GBX 453.17. The company has a quick ratio of 0.80, a current ratio of 1.24 and a debt-to-equity ratio of 58.99.

Insider Activity at Marlowe

In other Marlowe news, insider Peter M. R. Gaze bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of GBX 309 ($4.01) per share, for a total transaction of £46,350 ($60,108.94). Insiders own 25.30% of the company’s stock.

Marlowe Company Profile

Marlowe plc provides compliance services and software in the United Kingdom. The company operates in two segments, Governance, Risk and Compliance; and Testing, and Inspection and Certification. It offers health and safety consultancy, risk and audit assessments, environmental, contractor management, and training services; and health and safety support services.