STV Group (LON:STVG) Shares Cross Below 200 Day Moving Average – Here’s Why

STV Group plc (LON:STVG) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 201.69 ($2.67) and traded as low as GBX 162 ($2.15). STV Group shares last traded at GBX 162.50 ($2.15), with a volume of 107,843 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of STV Group in a research note on Tuesday, March 11th.

STV Group Trading Up 0.3 %

The company has a quick ratio of 1.09, a current ratio of 1.51 and a debt-to-equity ratio of -14,440.00. The firm’s 50 day moving average is GBX 170.82 and its two-hundred day moving average is GBX 201.69. The stock has a market cap of £75.92 million, a price-to-earnings ratio of 11.09 and a beta of 0.09.

STV Group (LON:STVG) last announced its quarterly earnings results on Wednesday, March 12th. The company reported GBX 29 ($0.38) earnings per share (EPS) for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. Equities analysts anticipate that STV Group plc will post 30.3860523 EPS for the current year.

STV Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, April 17th will be issued a GBX 7.40 ($0.10) dividend. This represents a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 17th. This is a boost from STV Group’s previous dividend of $3.90. STV Group’s dividend payout ratio (DPR) is 75.10%.

STV Group Company Profile

STV is Scotland’s home of news, entertainment and drama, serving audiences with quality content on air, online and on demand.

STV’s broadcast channel reaches 2.8 million viewers each month, while free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.