Connect Group (LON:CNCT) Stock Price Passes Below 50 Day Moving Average of $37.60

Connect Group PLC (LON:CNCT)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $37.60 and traded as low as $34.60. Connect Group shares last traded at $35.00, with a volume of 28,945 shares traded.

Separately, Peel Hunt reissued a “hold” rating on shares of Connect Group in a research report on Monday, September 23rd.

The stock’s 50-day simple moving average is GBX 37.48 and its 200-day simple moving average is GBX 37.89. The firm has a market capitalization of $86.70 million and a P/E ratio of -2.02.

About Connect Group (LON:CNCT)

Connect Group PLC engages in the distribution of newspapers, magazines, and books products in the United Kingdom and internationally. The company operates through News & Media: News Distribution, News & Media: Media, and Mixed Freight segments. The News & Media: News Distribution segment distributes newspapers and magazines to 27,000 retailers from 39 distribution centers across England and Wales.

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