STV Group (LON:STVG) Shares Pass Below 200-Day Moving Average – Here’s What Happened

STV Group plc (LON:STVG)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 111.80 and traded as low as GBX 99.20. STV Group shares last traded at GBX 103, with a volume of 316,636 shares trading hands.

STV Group Stock Performance

The company has a market cap of £47.06 million, a P/E ratio of 9.28 and a beta of 0.10. The business’s 50 day simple moving average is GBX 111.65 and its 200 day simple moving average is GBX 111.80. The company has a current ratio of 1.50, a quick ratio of 1.09 and a debt-to-equity ratio of -890.59.

STV Group (LON:STVG) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 13.10 earnings per share for the quarter. STV Group had a negative net margin of 2.83% and a positive return on equity of 75.19%. Sell-side analysts predict that STV Group plc will post 30.3860523 earnings per share for the current fiscal year.

STV Group Company Profile

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.

STV Studios is a portfolio of 20+ production labels based across the UK’s nations and regions, creating world-class entertainment for UK and international networks and streamers including Apple TV+ drama Criminal Record, global phenomenon LEGO Masters, antiques favourite, The Travelling Auctioneers for BBC and reality juggernaut The Fortune Hotel for ITV.