Zegona Communications (LON:ZEG) Stock Price Crosses Below Fifty Day Moving Average of $223.38

Zegona Communications plc (LON:ZEG)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 223.38 ($2.81) and traded as low as GBX 220 ($2.76). Zegona Communications shares last traded at GBX 220 ($2.76), with a volume of 22,215 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price objective on shares of Zegona Communications from GBX 80 ($1.00) to GBX 450 ($5.65) and gave the company a “buy” rating in a research note on Wednesday, February 7th.

Zegona Communications Price Performance

The company has a market cap of £1.54 billion, a price-to-earnings ratio of -436.00 and a beta of 2.68. The company has a 50-day simple moving average of GBX 223.06 and a 200-day simple moving average of GBX 172.60. The company has a debt-to-equity ratio of 4.22, a quick ratio of 6.23 and a current ratio of 13.32.

About Zegona Communications

Zegona Communications plc engages in investing in telecommunications, media, and technology businesses in Europe. The company was incorporated in 2015 and is based in London, the United Kingdom.