The Parkmead Group (LON:PMG) Shares Pass Above 50 Day Moving Average – Here’s Why

The Parkmead Group plc (LON:PMG) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 22.02 and traded as high as GBX 23. The Parkmead Group shares last traded at GBX 21.33, with a volume of 207,302 shares changing hands.

The Parkmead Group Trading Up 4.5%

The company has a market capitalization of £25.13 million, a PE ratio of 3.30 and a beta of 0.53. The company has a current ratio of 14.13, a quick ratio of 1.04 and a debt-to-equity ratio of 2.28. The stock has a fifty day moving average of GBX 22.02 and a two-hundred day moving average of GBX 16.99.

The Parkmead Group (LON:PMG) last announced its quarterly earnings data on Monday, February 16th. The company reported GBX 6.72 earnings per share for the quarter. The Parkmead Group had a return on equity of 28.76% and a net margin of 220.03%. As a group, sell-side analysts anticipate that The Parkmead Group plc will post 1.5972222 earnings per share for the current fiscal year.

About The Parkmead Group

The Parkmead Group plc, an independent oil and gas company, engages in the exploration and production of oil and gas properties in Europe, North America, and internationally. It operates through three segments: Oil and Gas Exploration and Production; Energy Economics; and Renewables. The Oil and Gas Exploration and Production segment invests in oil and gas exploration and production assets. The Energy Economics segment provides energy sector economics, valuation, and benchmarking, advising on energy policies and fiscal matters, undertaking economic evaluations, supply benchmarking services, and training.