Devro (LON:DVO) Share Price Passes Below Two Hundred Day Moving Average of $183.50

Devro plc (LON:DVO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $183.50 and traded as low as $170.00. Devro shares last traded at $176.00, with a volume of 312,255 shares trading hands.

A number of analysts recently weighed in on the stock. Shore Capital reiterated a “buy” rating on shares of Devro in a research report on Tuesday, October 22nd. Peel Hunt reiterated a “hold” rating on shares of Devro in a research report on Thursday, December 19th.

The firm has a market capitalization of $292.16 million and a price-to-earnings ratio of 19.23. The business’s 50-day moving average is GBX 170.92 and its two-hundred day moving average is GBX 182.59. The company has a debt-to-equity ratio of 112.94, a quick ratio of 1.50 and a current ratio of 2.90.

In other Devro news, insider Malcolm Swift bought 6,258 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was acquired at an average cost of GBX 159 ($2.09) per share, with a total value of £9,950.22 ($13,088.95). Also, insider Jackie Callaway bought 15,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were acquired at an average cost of GBX 161 ($2.12) per share, with a total value of £24,150 ($31,767.96).

Devro Company Profile (LON:DVO)

Devro plc, together with its subsidiaries, manufactures and supplies collagen casings in the Americas, Europe, and the Asia-Pacific. It offers edible and non-edible collagen casings, tubular films, and plastic casings for use in the production of a range of sausages and other meat products. The company sells its products to food manufacturers through agents and distributors.

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