Molten Ventures (LON:GROW) Shares Pass Below 50-Day Moving Average – Time to Sell?

Molten Ventures Plc (LON:GROW) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 304.04 ($3.93) and traded as low as GBX 259.50 ($3.36). Molten Ventures shares last traded at GBX 267.50 ($3.46), with a volume of 417,586 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and set a GBX 580 ($7.50) price objective on shares of Molten Ventures in a research note on Wednesday, December 4th.

Molten Ventures Stock Performance

The company has a market cap of £514.59 million, a P/E ratio of -15.46 and a beta of 1.25. The company has a 50 day moving average price of GBX 303.23 and a 200-day moving average price of GBX 343.75. The company has a quick ratio of 4.37, a current ratio of 197.67 and a debt-to-equity ratio of 7.15.

Insider Transactions at Molten Ventures

In other Molten Ventures news, insider Benjamin David Wilkinson purchased 16,258 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of GBX 306 ($3.96) per share, with a total value of £49,749.48 ($64,350.64). Also, insider Andrew Zimmermann acquired 2,211 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of GBX 314 ($4.06) per share, with a total value of £6,942.54 ($8,980.13). Company insiders own 8.56% of the company’s stock.

About Molten Ventures

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.