Connect Group (LON:CNCT) Share Price Passes Above Fifty Day Moving Average of $37.76
Connect Group PLC (LON:CNCT)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $37.76 and traded as high as $38.30. Connect Group shares last traded at $38.30, with a volume of 34,230 shares.
Separately, Peel Hunt reissued a “hold” rating on shares of Connect Group in a research note on Friday, September 6th.
The business’s 50 day moving average is GBX 37.74 and its 200 day moving average is GBX 38.02. The stock has a market capitalization of $94.87 million and a PE ratio of -2.21.
Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.
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