Pets at Home Group (LON:PETS) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Pets at Home Group Plc (LON:PETS)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 303.67 ($3.91) and traded as high as GBX 307.20 ($3.95). Pets at Home Group shares last traded at GBX 283.80 ($3.65), with a volume of 2,301,006 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 350 ($4.50) price objective on shares of Pets at Home Group in a research note on Thursday, August 1st.

Pets at Home Group Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13. The company has a market capitalization of £1.30 billion, a P/E ratio of 1,773.75, a P/E/G ratio of 2.66 and a beta of 0.69. The business’s fifty day moving average price is GBX 303.67 and its 200-day moving average price is GBX 299.85.

About Pets at Home Group

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.