Vianet Group (LON:VNET) Share Price Passes Above 50-Day Moving Average – Here’s Why

Vianet Group plc (LON:VNET) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 64.09 and traded as high as GBX 69. Vianet Group shares last traded at GBX 69, with a volume of 22,219 shares trading hands.

Vianet Group Stock Down 1.7%

The company has a debt-to-equity ratio of 11.74, a current ratio of 2.61 and a quick ratio of 0.69. The stock has a market cap of £19.27 million, a PE ratio of 18.89, a price-to-earnings-growth ratio of 4.65 and a beta of 0.65. The business has a fifty day moving average of GBX 64.24 and a 200-day moving average of GBX 65.52.

Vianet Group Company Profile

Vianet Group plc provides data services, actionable management information, and business insights in the United Kingdom, rest of Europe, the United States, and Canada. It operates through two segments: Smart Zones and Smart Machines. The company offers SmartContact, a contactless payment solution; SmartVend, a vending management system; iDraught, a draught beer quality and waste management system; SmartInsight, which provides actionable data and insights through interactive reporting; SmartAcademy which offers a range of e-learning videos and face to face training courses to support the business; and SmartMetrics, a telemetry solution that offers data capture and machine management services.