VP (LON:VP) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Vp plc (LON:VP)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 653.14 ($8.50) and traded as low as GBX 610 ($7.94). VP shares last traded at GBX 610 ($7.94), with a volume of 8,337 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 950 ($12.37) price objective on shares of VP in a research note on Friday, October 4th.

VP Stock Up 1.7 %

The company has a quick ratio of 1.08, a current ratio of 1.05 and a debt-to-equity ratio of 126.29. The company’s fifty day moving average is GBX 633 and its 200-day moving average is GBX 653.14. The company has a market cap of £240.71 million, a PE ratio of -4,692.31 and a beta of 0.75.

Insider Buying and Selling

In related news, insider Keith Winstanley bought 2,981 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were bought at an average price of GBX 671 ($8.73) per share, for a total transaction of £20,002.51 ($26,038.15). 57.50% of the stock is currently owned by corporate insiders.

About VP

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment.