IDOX (LON:IDOX) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

IDOX plc (LON:IDOX) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 59.02 ($0.79) and traded as high as GBX 63 ($0.85). IDOX shares last traded at GBX 62.18 ($0.84), with a volume of 526,627 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 90 ($1.21) price target on shares of IDOX in a research report on Wednesday, April 30th.

IDOX Stock Performance

The company has a current ratio of 0.70, a quick ratio of 1.00 and a debt-to-equity ratio of 30.03. The firm’s 50-day moving average is GBX 56.84 and its two-hundred day moving average is GBX 59.02. The stock has a market cap of £285.35 million, a price-to-earnings ratio of 51.50, a P/E/G ratio of 3.15 and a beta of 0.38.

IDOX (LON:IDOX) last released its quarterly earnings results on Thursday, June 12th. The company reported GBX 1.49 ($0.02) earnings per share for the quarter. IDOX had a net margin of 6.82% and a return on equity of 7.18%. As a group, sell-side analysts expect that IDOX plc will post 2.7173913 earnings per share for the current year.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.