Rotork (LON:ROR) Shares Cross Below 200 Day Moving Average – Should You Sell?

Rotork plc (LON:ROR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 334.38 and traded as low as GBX 332.40. Rotork shares last traded at GBX 338.80, with a volume of 2,641,039 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on ROR shares. JPMorgan Chase & Co. boosted their price objective on Rotork from GBX 390 to GBX 420 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Panmure Gordon boosted their price target on shares of Rotork from GBX 360 to GBX 370 and gave the company a “buy” rating in a report on Thursday, November 20th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 397.

Rotork Trading Down 0.9%

The firm has a market capitalization of £2.78 billion, a P/E ratio of 28.70, a PEG ratio of 2.48 and a beta of 0.96. The business’s 50 day moving average is GBX 332.32 and its two-hundred day moving average is GBX 334.38. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 1.97.

Rotork announced that its board has approved a share repurchase program on Wednesday, November 19th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

About Rotork

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.