Ingenta (LON:ING) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Ingenta plc (LON:ING) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.79 and traded as low as GBX 91.10. Ingenta shares last traded at GBX 96.95, with a volume of 60,573 shares changing hands.

Ingenta Stock Up 2.6%

The company has a 50-day moving average price of GBX 105.10 and a two-hundred day moving average price of GBX 94.95. The stock has a market capitalization of £14.07 million, a P/E ratio of 7.68 and a beta of 0.44.

About Ingenta

Ingenta provides mission critical software designed to solve the unique problems faced by information and content providers. We tailor our suite of industry-specific technology products to create robust solutions to digitally distribute content and to manage our customers IP and content requirements.

We support a full spectrum of clients ranging between global publishing giants and academic and trade publications, right through to prestigious NGO’s and established music record labels and multimedia companies.