Future (LON:FUTR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Future plc (LON:FUTR) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 646.17 and traded as low as GBX 512.50. Future shares last traded at GBX 527.09, with a volume of 1,418,464 shares trading hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on Future from GBX 1,280 to GBX 1,235 and set an “overweight” rating on the stock in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Future has a consensus rating of “Moderate Buy” and a consensus price target of GBX 984.

Future Trading Down 0.8%

The business’s 50-day simple moving average is GBX 554.91 and its two-hundred day simple moving average is GBX 646.17. The firm has a market capitalization of £500.15 million, a price-to-earnings ratio of 8.58, a PEG ratio of 0.64 and a beta of 1.01. The company has a quick ratio of 0.60, a current ratio of 0.69 and a debt-to-equity ratio of 31.50.

Future (LON:FUTR) last issued its quarterly earnings data on Thursday, December 4th. The company reported GBX 124.20 earnings per share for the quarter. Future had a return on equity of 8.41% and a net margin of 11.69%. Equities analysts forecast that Future plc will post 116.6270784 earnings per share for the current year.

Future announced that its board has authorized a share buyback program on Thursday, December 4th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Future

In other Future news, insider Mark Brooker purchased 7,201 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of GBX 553 per share, with a total value of £39,821.53. Also, insider Kevin Li Ying sold 7,958 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of GBX 531, for a total transaction of £42,256.98. 5.50% of the stock is owned by insiders.

About Future

Future is a global platform for specialist media underpinned by proprietary technology, enabled by data; with diversified revenue streams