Molten Ventures (LON:GROW) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Molten Ventures Plc (LON:GROW)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 314.90 ($3.83) and traded as low as GBX 286.50 ($3.49). Molten Ventures shares last traded at GBX 299 ($3.64), with a volume of 356,865 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 580 ($7.06) price objective on shares of Molten Ventures in a research report on Wednesday, December 4th.

Molten Ventures Trading Down 1.0 %

The company has a fifty day moving average price of GBX 314.24 and a 200-day moving average price of GBX 361.49. The firm has a market capitalization of £548.70 million, a price-to-earnings ratio of -1,409.52 and a beta of 1.25. The company has a current ratio of 6.44, a quick ratio of 4.37 and a debt-to-equity ratio of 7.15.

Insider Buying and Selling at Molten Ventures

In related news, insider Benjamin David Wilkinson purchased 13,007 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average price of GBX 309 ($3.76) per share, for a total transaction of £40,191.63 ($48,900.88). Corporate insiders own 8.56% of the company’s stock.

About Molten Ventures

Molten Ventures is one of the most active venture capital firms in Europe, developing and investing in disruptive, high growth technology companies. We believe it is our role to support the visionary entrepreneurs who will invent the future. We fuel their growth with our ‘energy’ in the form of truly patient capital, access to international networks and decades of experience building businesses.