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

Molten Ventures Plc (LON:GROW)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 302.56 ($3.91) and traded as low as GBX 279 ($3.60). Molten Ventures shares last traded at GBX 279 ($3.60), with a volume of 879,226 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 580 ($7.49) target price on shares of Molten Ventures in a research note on Wednesday, December 4th.

Molten Ventures Stock Down 1.6 %

The stock’s 50-day moving average price is GBX 302.56 and its two-hundred day moving average price is GBX 338.60. The company has a current ratio of 197.67, a quick ratio of 4.37 and a debt-to-equity ratio of 7.15. The stock has a market capitalization of £519.24 million, a P/E ratio of -15.60 and a beta of 1.25.

Insider Buying and Selling at Molten Ventures

In other news, insider Benjamin David Wilkinson acquired 16,258 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of GBX 306 ($3.95) per share, with a total value of £49,749.48 ($64,234.32). Also, insider Andrew Zimmermann acquired 2,211 shares of the company’s stock in a transaction on Friday, January 31st. The shares were acquired at an average cost of GBX 314 ($4.05) per share, for a total transaction of £6,942.54 ($8,963.90). 8.56% of the stock is owned by corporate insiders.

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.