Molten Ventures (LON:GROW) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Molten Ventures Plc (LON:GROW) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 304.04 ($3.94) and traded as low as GBX 259.50 ($3.36). Molten Ventures shares last traded at GBX 267.50 ($3.47), with a volume of 417,586 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 580 ($7.51) price target on shares of Molten Ventures in a research note on Wednesday, December 4th.

Molten Ventures Price Performance

The company has a quick ratio of 4.37, a current ratio of 197.67 and a debt-to-equity ratio of 7.15. The company has a 50 day moving average of GBX 304.04 and a 200-day moving average of GBX 344.65. The stock has a market capitalization of £497.84 million, a P/E ratio of -14.96 and a beta of 1.25.

Insider Transactions at Molten Ventures

In related news, insider Andrew Zimmermann acquired 2,211 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of GBX 314 ($4.07) per share, for a total transaction of £6,942.54 ($8,992.93). Also, insider Benjamin David Wilkinson bought 16,258 shares of the company’s stock in a transaction on Friday, February 28th. The stock was bought at an average cost of GBX 306 ($3.96) per share, for a total transaction of £49,749.48 ($64,442.33). 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.