Petra Diamonds (LON:PDL) Stock Passes Below 200 Day Moving Average of $0.00

Petra Diamonds Limited (LON:PDL) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $11.42. Petra Diamonds shares last traded at $12.10, with a volume of 22,494,093 shares trading hands.

Several brokerages have recently weighed in on PDL. Liberum Capital reissued a “hold” rating on shares of Daily Mail and General Trust P L C in a research report on Tuesday, July 2nd. Goldman Sachs Group lowered shares of to a “sell” rating and set a GBX 270 ($3.53) price objective on the stock. in a research report on Wednesday, June 5th. JPMorgan Chase & Co. increased their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a “neutral” rating in a research report on Friday, July 5th. Royal Bank of Canada increased their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$88.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Finally, Berenberg Bank set a €126.00 ($146.51) price objective on shares of Nemetschek and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 40.43 ($0.53).

The company has a market capitalization of $103.90 million and a P/E ratio of -0.65. The firm’s 50-day moving average price is GBX 18.89. The company has a quick ratio of 1.04, a current ratio of 2.04 and a debt-to-equity ratio of 146.89.

In related news, insider Richard Duffy acquired 240,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were bought at an average cost of GBX 21 ($0.27) per share, with a total value of £50,400 ($65,856.53).

About Petra Diamonds (LON:PDL)

Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa, Tanzania, and Botswana. It holds interest in three underground producing mines in Finsch, Cullinan, and Koffiefontein, South Africa; and an open pit producing mine in Williamson, Tanzania.

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