Vesuvius (LON:VSVS) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Vesuvius plc (LON:VSVS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 406.81 and traded as high as GBX 408.80. Vesuvius shares last traded at GBX 399, with a volume of 8,126,079 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their target price on shares of Vesuvius from GBX 340 to GBX 390 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 467.50.

Vesuvius Stock Up 0.1%

The stock has a market cap of £974.83 million, a PE ratio of 14.51, a PEG ratio of 0.57 and a beta of 1.05. The company has a debt-to-equity ratio of 57.10, a current ratio of 2.35 and a quick ratio of 1.20. The company has a 50 day moving average price of GBX 456.01 and a two-hundred day moving average price of GBX 406.81.

Vesuvius (LON:VSVS) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 34.20 EPS for the quarter. Vesuvius had a return on equity of 4.75% and a net margin of 2.88%. Analysts expect that Vesuvius plc will post 51.3945695 EPS for the current year.

Insider Transactions at Vesuvius

In other news, insider Mark Collis sold 320 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 434, for a total transaction of £1,388.80. Corporate insiders own 25.13% of the company’s stock.

Vesuvius Company Profile

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.