Northgate (LON:NTG) Shares Cross Above 200 Day Moving Average of $338.49

Northgate plc (LON:NTG) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $338.49 and traded as high as $335.00. Northgate shares last traded at $333.50, with a volume of 85,285 shares trading hands.

Separately, Peel Hunt reiterated a “buy” rating on shares of Northgate in a research note on Monday, September 23rd.

The company has a market cap of $444.33 million and a PE ratio of 8.82. The company has a debt-to-equity ratio of 84.03, a current ratio of 1.06 and a quick ratio of 0.83. The stock has a 50 day simple moving average of GBX 323.42 and a two-hundred day simple moving average of GBX 338.49.

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

Northgate Company Profile (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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