IDOX (LON:IDOX) Shares Pass Below 200 Day Moving Average of $64.01

IDOX plc (LON:IDOX) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 64.01 ($0.81) and traded as low as GBX 61.20 ($0.77). IDOX shares last traded at GBX 61.60 ($0.78), with a volume of 235,073 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 80 ($1.01) price target on shares of IDOX in a research report on Tuesday, March 12th.

IDOX Trading Up 1.6 %

The company has a quick ratio of 1.00, a current ratio of 0.95 and a debt-to-equity ratio of 41.86. The firm’s 50 day moving average is GBX 63.89 and its two-hundred day moving average is GBX 64. The stock has a market cap of £286.52 million, a price-to-earnings ratio of 6,260.00, a price-to-earnings-growth ratio of 3.15 and a beta of 0.39.

IDOX Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a dividend of GBX 0.60 ($0.01) per share. This represents a dividend yield of 0.91%. This is a boost from IDOX’s previous dividend of $0.50. The ex-dividend date is Thursday, March 28th. IDOX’s dividend payout ratio is presently 10,000.00%.

Insider Buying and Selling

In related news, insider David Meaden sold 294,000 shares of IDOX stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 63 ($0.80), for a total value of £185,220 ($234,070.52). Company insiders own 6.18% of the company’s stock.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.