Molten Ventures (LON:GROW) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Molten Ventures Plc (LON:GROW)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 311.40 ($3.89) and traded as low as GBX 307.50 ($3.84). Molten Ventures shares last traded at GBX 311.50 ($3.89), with a volume of 539,799 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 580 ($7.24) price target on shares of Molten Ventures in a research note on Wednesday, December 4th.

Molten Ventures Trading Up 1.6 %

The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 6.44. The business has a 50 day simple moving average of GBX 311.40 and a 200-day simple moving average of GBX 359.17. The stock has a market capitalization of £577.43 million, a P/E ratio of -1,483.33 and a beta of 1.25.

Molten Ventures (LON:GROW) last released its earnings results on Wednesday, November 20th. The company reported GBX (20) (($0.25)) earnings per share (EPS) for the quarter. On average, analysts predict that Molten Ventures Plc will post 36.9209809 EPS for the current year.

Insider Buying and Selling

In related news, insider Benjamin David Wilkinson bought 13,007 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of GBX 309 ($3.86) per share, for a total transaction of £40,191.63 ($50,170.55). Insiders own 8.56% of the company’s stock.

About Molten Ventures

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.