The Parkmead Group (LON:PMG) Shares Cross Below 200-Day Moving Average – Should You Sell?

The Parkmead Group plc (LON:PMG)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 12.30 ($0.16) and traded as low as GBX 11.50 ($0.14). The Parkmead Group shares last traded at GBX 11.59 ($0.15), with a volume of 3,230 shares changing hands.

The Parkmead Group Stock Down 1.4 %

The stock has a market cap of £12.66 million, a P/E ratio of -46.36 and a beta of 1.45. The company has a debt-to-equity ratio of 4.65, a quick ratio of 1.04 and a current ratio of 1.73. The firm’s 50-day moving average is GBX 11.20 and its two-hundred day moving average is GBX 12.27.

About The Parkmead Group

The Parkmead Group plc, an independent oil and gas company, engages in the exploration and production of oil and gas properties in Europe, North America, and internationally. It operates through three segments: Oil and Gas Exploration and Production; Energy Economics; and Renewables. The Oil and Gas Exploration and Production segment invests in oil and gas exploration and production assets.