Northgate (LON:NTG) Stock Passes Above 200-Day Moving Average – Here’s Why

Northgate plc (LON:NTG) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 250 ($3.15) and traded as high as GBX 255.50 ($3.22). Northgate shares last traded at GBX 250 ($3.15), with a volume of 1,360,234 shares.

Northgate Stock Performance

The company has a debt-to-equity ratio of 96.53, a current ratio of 1.00 and a quick ratio of 0.78. The firm has a market cap of £333.08 million and a price-to-earnings ratio of 7.04. The firm has a fifty day simple moving average of GBX 250 and a two-hundred day simple moving average of GBX 250.

About Northgate

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.