Northbridge Industrial Services (LON:NBI) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Northbridge Industrial Services plc (LON:NBIGet Free Report) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 198 ($2.49) and traded as low as GBX 196.04 ($2.46). Northbridge Industrial Services shares last traded at GBX 198 ($2.49), with a volume of 42,873 shares trading hands.

Northbridge Industrial Services Stock Performance

The firm has a market capitalization of £55.64 million and a P/E ratio of -11.45. The business’s 50 day moving average is GBX 198 and its two-hundred day moving average is GBX 198. The company has a quick ratio of 0.89, a current ratio of 2.01 and a debt-to-equity ratio of 30.62.

About Northbridge Industrial Services

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Northbridge Industrial Services plc, together with its subsidiaries, manufactures, hires, and sells specialist industrial equipment in the United Kingdom, Continental Europe, North America, South America, Australia, New Zealand, the Middle East, and Asia. The company operates in two segments, Crestchic Loadbanks and Transformers, and Tasman Oil Tools.

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