VP (LON:VP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Vp plc (LON:VP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 642.29 ($8.05) and traded as low as GBX 545 ($6.83). VP shares last traded at GBX 550 ($6.89), with a volume of 2,044 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 950 ($11.91) price target on shares of VP in a report on Friday, October 4th.

VP Stock Up 1.4 %

The company has a market cap of £221.96 million, a P/E ratio of -4,326.92 and a beta of 0.75. The company has a debt-to-equity ratio of 126.29, a current ratio of 1.05 and a quick ratio of 1.08. The stock has a fifty day moving average price of GBX 587.95 and a two-hundred day moving average price of GBX 641.44.

VP Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be issued a dividend of GBX 11.50 ($0.14) per share. This represents a yield of 2.02%. The ex-dividend date is Thursday, December 5th. VP’s dividend payout ratio is -30,000.00%.

About VP

Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company engages in the rental of telescopic handlers and tracked access platforms for construction and housebuilding sites; rental of tools and specialist products to the industry and construction markets, as well as homeowners; and rental of safety, survey, communication, and test and measurement equipment.