Rotork (LON:ROR) Shares Pass Above 200-Day Moving Average – Here’s Why

Rotork plc (LON:ROR)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 324.97 ($4.12) and traded as high as GBX 326.20 ($4.13). Rotork shares last traded at GBX 323.41 ($4.10), with a volume of 781,302 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 390 ($4.94) target price on shares of Rotork in a report on Thursday, January 23rd.

Rotork Price Performance

The stock has a market cap of £2.77 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 2.48 and a beta of 0.96. The company has a 50-day moving average of GBX 325.94 and a 200-day moving average of GBX 324.97. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.16 and a current ratio of 3.21.

Rotork Company Profile

Rotork is a market-leading global provider of mission-critical intelligent flow control solutions for oil & gas, water and wastewater, power, chemical process and industrial applications. We help customers around the world to improve efficiency, reduce emissions, minimise their environmental impact and assure safety.