Molten Ventures (LON:GROW) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Molten Ventures Plc (LON:GROW) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 405.34 ($5.26) and traded as low as GBX 396.50 ($5.15). Molten Ventures shares last traded at GBX 417 ($5.41), with a volume of 430,476 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 580 ($7.53) price objective on shares of Molten Ventures in a research report on Thursday, August 22nd.

Molten Ventures Price Performance

The company has a market cap of £772.99 million, a P/E ratio of -1,985.71 and a beta of 1.25. The company has a fifty day moving average price of GBX 405.34 and a two-hundred day moving average price of GBX 358.35. The company has a debt-to-equity ratio of 7.15, a quick ratio of 4.37 and a current ratio of 6.44.

About Molten Ventures

Molten Ventures Plc, formerly known as Draper Esprit plc, is a private equity and venture capital firm specializing in any stage in the lifecycle of a business from seed and series A stage, growth capital to pre-IPO investments, late stage, start-ups, cross-stage investments, buyouts, PIPES, and also makes direct and secondary investments in portfolio companies.