Future (LON:FUTR) Share Price Falls Below 200-Day Average - Is It Time to Sell?
On Tuesday, the shares of Future plc (LON:FUTR) dipped below their 200-day moving average during trading. The 200-day moving average stood at GBX 970.64 ($12.24), while the stock hit a low of GBX 964 ($12.16). The most recent trade for Future shares was recorded at GBX 1,006 ($12.69), with a trading volume of 292,657 shares.
Future's Price Trends
The stock boasts a market capitalization of £1.10 billion, with a price-to-earnings (P/E) ratio of 13.07. Additionally, its P/E/G ratio is at 0.64, and it has a beta of 1.01. In terms of liquidity, the company has a current ratio of 0.69, a quick ratio of 0.60, and a relatively low debt-to-equity ratio of 31.50. Furthermore, Future's 50-day moving average is GBX 937.75, compared to the 200-day average of GBX 970.64.
Future plc recently reported earnings on December 5th. The company announced earnings per share (EPS) of GBX 124.60 ($1.57) for the quarter. Future plc has a return on equity of 8.41% and a net profit margin of 11.69%. Earnings projections from research analysts indicate that Future plc is expected to post earnings of approximately 116.63 per share for the ongoing fiscal year.
Future's Dividend Announcement
The company has also declared a dividend that was paid out on February 11th. Shareholders on record as of January 16th received a dividend payment of GBX 3.40 ($0.04) each, yielding about 0.35%. The ex-dividend date was set for January 16th, and the company's payout ratio is approximately 3.84%.
About Future
Future operates as a global platform specializing in media, driven by proprietary technology and data analytics, ensuring diverse revenue streams.
Investment Considerations
Before making any investment decisions, it is essential to examine various recommendations and insights from experienced market analysts. Some analysts have currently rated Future as a "Moderate Buy," yet they are also highlighting other stocks that may present more attractive opportunities.
Conclusion
As Future shares drop below their 200-day moving average, investors may be considering their options. Whether to hold or sell shares is a common dilemma, and it's crucial to stay informed about further market developments.
Future, Stocks, Dividend