Wilmington (LON:WIL) Share Price Passes Below 200 Day Moving Average – Here’s Why

Wilmington plc (LON:WIL)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 344 ($4.61) and traded as low as GBX 326 ($4.37). Wilmington shares last traded at GBX 326 ($4.37), with a volume of 165,919 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on WIL shares. Berenberg Bank restated a “buy” rating and set a GBX 460 price objective on shares of Wilmington in a report on Monday, September 22nd. Canaccord Genuity Group restated a “buy” rating and set a GBX 450 price objective on shares of Wilmington in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 455.

Wilmington Stock Performance

The company has a debt-to-equity ratio of 2.45, a current ratio of 1.70 and a quick ratio of 0.86. The stock’s 50 day simple moving average is GBX 342.84 and its two-hundred day simple moving average is GBX 344. The stock has a market cap of £291.06 million, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.44 and a beta of 0.84.

Wilmington (LON:WIL) last announced its quarterly earnings results on Monday, September 22nd. The company reported GBX 23.72 earnings per share for the quarter. Wilmington had a net margin of 18.89% and a return on equity of 18.71%. As a group, research analysts forecast that Wilmington plc will post 21.5300004 EPS for the current year.

Insider Buying and Selling

In other Wilmington news, insider Guy Millward sold 42,267 shares of Wilmington stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of GBX 325, for a total value of £137,367.75. Also, insider Mark Milner sold 71,868 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of GBX 325, for a total transaction of £233,571. In the last ninety days, insiders sold 115,660 shares of company stock worth $37,586,450. Insiders own 12.89% of the company’s stock.

About Wilmington

Wilmington acts as trusted partner to customers who are operating in regulated sectors and in the governance, risk and compliance markets. We provide critical data and information to enable our customers to make the decisions needed to maintain compliance with the rules and regulations that apply to them; and we provide training and education to equip our customers with the knowledge and skills to carry out their activities in line with best practice.