AdvancedAdvT (LON:ADVT) Trading Down 1% – Here’s Why

AdvancedAdvT Limited (LON:ADVT)’s stock price traded down 1% during trading on Thursday . The company traded as low as GBX 170 and last traded at GBX 173.25. Approximately 143,351 shares were traded during mid-day trading, a decline of 30% from the average session volume of 205,499 shares. The stock had previously closed at GBX 175.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 240 price objective on shares of AdvancedAdvT in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 240.

AdvancedAdvT Stock Down 1.0%

The company has a market cap of £236.36 million, a price-to-earnings ratio of 21.66 and a beta of 0.52. The business’s fifty day simple moving average is GBX 180.79 and its two-hundred day simple moving average is GBX 183.21.

AdvancedAdvT (LON:ADVT) last posted its earnings results on Tuesday, November 4th. The company reported GBX 5.24 EPS for the quarter. AdvancedAdvT had a net margin of 30.56% and a return on equity of 1.17%.

AdvancedAdvT Company Profile

AdvancedAdvT Limited does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share or debt purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as Marwyn Acquisition Company I Limited and changed its name to AdvancedAdvT Limited in March 2021.