GlobalData (LON:DATA) Stock Price Down 10.7% – Here’s Why

Shares of GlobalData Plc (LON:DATA) were down 10.7% on Tuesday . The stock traded as low as GBX 163 ($2.10) and last traded at GBX 163 ($2.10). Approximately 2,324,272 shares traded hands during trading, an increase of 13% from the average daily volume of 2,059,233 shares. The stock had previously closed at GBX 182.50 ($2.35).

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on GlobalData from GBX 295 ($3.80) to GBX 300 ($3.86) and gave the company a “buy” rating in a research report on Tuesday, January 14th.

GlobalData Stock Performance

The firm has a 50-day moving average of GBX 189.48 and a two-hundred day moving average of GBX 197.27. The company has a quick ratio of 0.61, a current ratio of 1.25 and a debt-to-equity ratio of 5.16. The company has a market capitalization of £1.31 billion, a PE ratio of 38.83, a PEG ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA) last announced its quarterly earnings results on Monday, March 10th. The company reported GBX 7.50 ($0.10) earnings per share for the quarter. GlobalData had a return on equity of 12.99% and a net margin of 11.96%. Research analysts anticipate that GlobalData Plc will post 9.6687774 EPS for the current year.

Insider Activity at GlobalData

In other GlobalData news, insider Michael Danson sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of GBX 195 ($2.51), for a total value of £3,900,000 ($5,021,243.72). 66.45% of the stock is owned by company insiders.

About GlobalData

GlobalData Plc is a leading data, insights, and analytics platform for the world’s largest industries. Our mission is to help our clients decode the future, make better decisions, and reach more customers.

One Platform Model
GlobalData’s One Platform model is the foundation of our business and is the result of years of continuous investment, targeted acquisitions, and organic development.