Silvercorp Metals (TSE:SVM) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Silvercorp Metals Inc. (TSE:SVM)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.46 and traded as low as C$14.56. Silvercorp Metals shares last traded at C$14.79, with a volume of 227,802 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Roth Mkm raised shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and a consensus price target of C$15.25.

Silvercorp Metals Stock Up 1.6%

The firm has a 50-day moving average of C$16.68 and a 200 day moving average of C$15.46. The company has a debt-to-equity ratio of 12.58, a current ratio of 3.58 and a quick ratio of 4.43. The stock has a market capitalization of C$3.27 billion, a price-to-earnings ratio of -295.80, a PEG ratio of 0.03 and a beta of 2.57.

Silvercorp Metals (TSE:SVM) last posted its quarterly earnings results on Wednesday, May 27th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$210.03 million for the quarter. Silvercorp Metals had a negative return on equity of 1.27% and a negative net margin of 2.25%. As a group, sell-side analysts forecast that Silvercorp Metals Inc. will post 0.5394046 earnings per share for the current fiscal year.

Silvercorp Metals Company Profile

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential.