Value Line (NASDAQ:VALU) Stock Passes Below 200 Day Moving Average – Here’s Why

Value Line, Inc. (NASDAQ:VALU)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.08 and traded as low as $36.66. Value Line shares last traded at $36.66, with a volume of 942 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VALU shares. Wall Street Zen raised Value Line to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Value Line in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Value Line has an average rating of “Hold”.

Value Line Price Performance

The firm’s 50-day moving average price is $37.44 and its 200 day moving average price is $38.08. The firm has a market cap of $344.24 million, a P/E ratio of 16.22 and a beta of 1.21.

Value Line (NASDAQ:VALU) last announced its quarterly earnings data on Monday, December 15th. The financial services provider reported $0.60 earnings per share for the quarter. Value Line had a return on equity of 20.88% and a net margin of 61.58%.The firm had revenue of $8.56 million during the quarter.

Value Line Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Monday, October 27th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, October 27th. Value Line’s dividend payout ratio is currently 57.52%.

Value Line announced that its board has initiated a stock buyback plan on Wednesday, October 29th that permits the company to buyback $2,000.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 547,465.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Institutional Trading of Value Line

Institutional investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC bought a new position in shares of Value Line in the 3rd quarter worth about $128,000. Millennium Management LLC acquired a new stake in Value Line during the third quarter worth about $334,000. Strs Ohio bought a new position in Value Line in the first quarter worth about $356,000. Teton Advisors LLC acquired a new position in Value Line in the third quarter valued at approximately $1,171,000. Finally, Neuberger Berman Group LLC boosted its stake in Value Line by 3.5% in the third quarter. Neuberger Berman Group LLC now owns 114,473 shares of the financial services provider’s stock valued at $4,474,000 after acquiring an additional 3,923 shares during the period. Institutional investors own 6.26% of the company’s stock.

About Value Line

Value Line, Inc is a New York–based independent investment research and financial publishing company known for its flagship product, the Value Line Investment Survey. Established in 1931 by Arnold Bernhard, the firm provides timely data, analysis and investment recommendations on a broad universe of equities. Its research covers approximately 1,700 U.S. and Canadian stocks, offering proprietary rankings that help individual investors and financial advisors identify potential opportunities based on relative price performance, earnings outlook and risk metrics.

In addition to the Investment Survey, Value Line offers a suite of digital products and services designed to meet the evolving needs of its clientele.