Future (LON:FUTR) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Future plc (LON:FUTR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,012.72 ($12.84) and traded as low as GBX 976.50 ($12.38). Future shares last traded at GBX 990 ($12.55), with a volume of 248,624 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Future in a report on Thursday, September 19th.

Future Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 32.94. The company has a market capitalization of £1.09 billion, a P/E ratio of 1,302.63, a PEG ratio of 0.64 and a beta of 1.01. The business has a 50 day simple moving average of GBX 927.14 and a 200-day simple moving average of GBX 1,012.72.

Future Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 16th will be paid a GBX 3.40 ($0.04) dividend. This represents a yield of 0.35%. The ex-dividend date is Thursday, January 16th. Future’s payout ratio is 394.74%.

About Future

Future plc, together with its subsidiaries, publishes and distributes content for games, entertainment, technology, sports, savings and wealth, lifestyle, knowledge and news, and B2B sectors primarily in the United States and the United Kingdom. It operates through Media and Magazine segments. The company offers content through various forms, such as websites, email newsletters, videos, social platforms, magazines, and events, as well as advertising comprising digital advertising, AVOD, newsletters, events, and lead generation; eCommerce, including print and digital subscriptions, and newstrade; and direct consumer monetisation frameworks.