Vodafone Group Public (NASDAQ:VOD) Shares Gap Down – Should You Sell?

Vodafone Group Public Limited (NASDAQ:VOD)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.32, but opened at $8.76. Vodafone Group Public shares last traded at $8.66, with a volume of 2,872,023 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on VOD shares. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Up 3.3 %

The stock has a 50-day moving average price of $9.73 and a 200 day moving average price of $9.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29.

Institutional Trading of Vodafone Group Public

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VOD. GAMMA Investing LLC raised its holdings in shares of Vodafone Group Public by 116.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,903 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 2,102 shares during the period. Asset Dedication LLC lifted its stake in shares of Vodafone Group Public by 630.9% during the second quarter. Asset Dedication LLC now owns 4,634 shares of the cell phone carrier’s stock worth $41,000 after purchasing an additional 4,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Vodafone Group Public in the first quarter valued at about $46,000. Trust Co. of Vermont lifted its position in Vodafone Group Public by 1,493.2% during the 3rd quarter. Trust Co. of Vermont now owns 4,700 shares of the cell phone carrier’s stock worth $47,000 after acquiring an additional 4,405 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in Vodafone Group Public in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.