Northgate (LON:NTG) Shares Cross Above Two Hundred Day Moving Average of $340.34

Northgate plc (LON:NTG) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $340.34 and traded as high as $318.76. Northgate shares last traded at $315.00, with a volume of 25,926 shares changing hands.

A number of equities analysts have weighed in on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Northgate in a research note on Monday, September 23rd. Numis Securities reaffirmed a “buy” rating on shares of Northgate in a research note on Friday, June 14th.

The stock’s 50 day simple moving average is GBX 323.32 and its two-hundred day simple moving average is GBX 339.83. The firm has a market cap of $431.68 million and a P/E ratio of 8.57. The company has a debt-to-equity ratio of 84.03, a current ratio of 1.06 and a quick ratio of 0.83.

In other Northgate news, insider Philip Vincent bought 15,674 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average price of GBX 320 ($4.18) per share, with a total value of £50,156.80 ($65,538.74).

About Northgate (LON:NTG)

Northgate plc provides light commercial vehicle hire services in the United Kingdom, Spain, and the Republic of Ireland. It also sells used vehicles; supplies other related goods and services; and offers fleet management services. The company operates a fleet of 52,900 vehicles in the United Kingdom; and a fleet of 48,000 vehicles in Spain.

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