Rotork (LON:ROR) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Rotork plc (LON:ROR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 334.46 and traded as low as GBX 324.60. Rotork shares last traded at GBX 328, with a volume of 622,532 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROR. Panmure Gordon raised their price objective on Rotork from GBX 360 to GBX 370 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. increased their price target on Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 397.

Rotork Stock Performance

The firm’s 50 day simple moving average is GBX 334.22 and its 200-day simple moving average is GBX 334.46. The company has a market capitalization of £2.71 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.48 and a beta of 0.96. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21.

Rotork declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, insider Dorothy Thompson purchased 17,610 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was acquired at an average cost of GBX 340 per share, for a total transaction of £59,874. 0.30% of the stock is owned by company insiders.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety. Rotork employs about 3,200 people, has manufacturing facilities in more than 17 locations and serves 170 countries through a global service network. Its shares have a premium listing on the London Stock Exchange (symbol: ROR) and are a constituent of the FTSE 250 index.