GlobalData (LON:DATA) Hits New 52-Week Low – Should You Sell?

GlobalData Plc (LON:DATA) hit a new 52-week low on Monday . The company traded as low as GBX 155.71 ($2.02) and last traded at GBX 155.71 ($2.02), with a volume of 612511 shares changing hands. The stock had previously closed at GBX 158 ($2.05).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of GlobalData from GBX 295 ($3.84) to GBX 300 ($3.90) and gave the company a “buy” rating in a report on Tuesday, January 14th.

GlobalData Price Performance

The business has a 50-day simple moving average of GBX 184.78 and a two-hundred day simple moving average of GBX 194.58. 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 stock has a market capitalization of £1.25 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 1.52 and a beta of 0.58.

GlobalData (LON:DATA) last released its quarterly earnings data 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%. As a group, research analysts predict that GlobalData Plc will post 9.6687774 earnings per share for the current fiscal year.

GlobalData Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Thursday, March 20th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.65%. The ex-dividend date is Thursday, March 20th. GlobalData’s dividend payout ratio is currently 119.48%.

Insider Activity

In other GlobalData news, insider Michael Danson sold 2,000,000 shares of GlobalData stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of GBX 195 ($2.54), for a total value of £3,900,000 ($5,070,202.81). 66.45% of the stock is owned by corporate 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.