Pets at Home Group (LON:PETS) Shares Pass Below 200-Day Moving Average – Time to Sell?

Shares of Pets at Home Group Plc (LON:PETS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 298.08 ($3.87) and traded as low as GBX 297.40 ($3.86). Pets at Home Group shares last traded at GBX 301.80 ($3.92), with a volume of 1,540,094 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 350 ($4.54) target price on shares of Pets at Home Group in a report on Thursday, August 1st.

Pets at Home Group Price Performance

The company has a fifty day moving average price of GBX 304.32 and a two-hundred day moving average price of GBX 298.09. The firm has a market capitalization of £1.38 billion, a PE ratio of 1,877.50, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13.

About Pets at Home Group

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.