Darktrace (LON:DARK) Trading Down 0.4%

Darktrace plc (LON:DARK)’s share price was down 0.4% on Wednesday . The stock traded as low as GBX 347.30 ($4.38) and last traded at GBX 350.70 ($4.42). Approximately 694,856 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 2,188,613 shares. The stock had previously closed at GBX 352.20 ($4.44).

Analyst Ratings Changes

DARK has been the topic of a number of research analyst reports. Bank of America started coverage on Darktrace in a research note on Friday, May 26th. They issued an “underperform” rating and a GBX 240 ($3.03) target price on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 600 ($7.56) target price on shares of Darktrace in a research report on Tuesday, July 18th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 520 ($6.55) price target on shares of Darktrace in a report on Thursday, May 25th.

Darktrace Price Performance

The firm’s fifty day moving average price is GBX 340.44 and its 200-day moving average price is GBX 298.06. The company has a quick ratio of 1.43, a current ratio of 1.57 and a debt-to-equity ratio of 21.16. The stock has a market cap of £2.46 billion, a P/E ratio of -35,070.00 and a beta of 0.87.

About Darktrace

Darktrace plc, together with its subsidiaries, engages in the development and sale of cyber-threat defense technology solutions in the United Kingdom, the United States, Europe, and internationally. Its products include Darktrace PREVENT, an attack surface management that continuously monitors attack surface for risks, high-impact vulnerabilities and external threats; and Darktrace DETECT, which analyzes thousands of metrics to reveal subtle deviations that may signal an evolving threat, including unknown techniques and novel malware, as well as installs in minutes, identifies threats, and avoids disruption.