Castleton Technology (LON:CTP) Shares Pass Below Fifty Day Moving Average of $89.47
Castleton Technology PLC (LON:CTP) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $89.47 and traded as low as $55.03. Castleton Technology shares last traded at $55.03, with a volume of 605,000 shares.
Separately, FinnCap decreased their price target on shares of Castleton Technology from GBX 140 ($1.83) to GBX 130 ($1.70) and set a “corporate” rating for the company in a report on Thursday, October 10th.
The stock’s fifty day simple moving average is GBX 88.63 and its 200-day simple moving average is GBX 100.24. The firm has a market cap of $46.17 million and a PE ratio of 11.77. The company has a debt-to-equity ratio of 23.62, a current ratio of 0.71 and a quick ratio of 0.64.
Castleton Technology plc, an investment holding company, provides software and managed services to the public and not-for-profit sectors in the United Kingdom and Australia. It operates through Managed Services and Software Solutions segments. The Managed Services segment offers information technology (IT) infrastructure and support for businesses.
Further Reading: Understanding debt-to-equity ratio in fundamental analysis
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