SOCO International (LON:SIA) Stock Price Passes Above 200-Day Moving Average of $68.33

SOCO International plc (LON:SIA) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.33 and traded as high as $62.83. SOCO International shares last traded at $61.50, with a volume of 172,341 shares traded.

Several equities research analysts have commented on the stock. Numis Securities restated a “hold” rating on shares of SOCO International in a research note on Thursday, May 16th. Peel Hunt restated a “buy” rating on shares of SOCO International in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their price target on shares of SOCO International from GBX 97 ($1.27) to GBX 89 ($1.16) and set a “neutral” rating on the stock in a research note on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 104.50 ($1.37).

The stock has a market capitalization of $244.47 million and a P/E ratio of 7.59. The company has a debt-to-equity ratio of 19.09, a current ratio of 9.41 and a quick ratio of 9.22. The stock’s fifty day moving average is GBX 65.28 and its two-hundred day moving average is GBX 68.33.

In other SOCO International news, insider Jann M. Brown bought 12,699 shares of SOCO International stock in a transaction that occurred on Friday, May 24th. The stock was purchased at an average cost of GBX 68 ($0.89) per share, for a total transaction of £8,635.32 ($11,283.58).

About SOCO International (LON:SIA)

SOCO International plc engages in the exploration, development, and production of oil and gas properties. It has exploration, development, and production interests in Vietnam; and exploration and appraisal interests in Congo (Brazzaville) and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.

See Also: Trading Ex-Dividend Strategy

Receive News & Ratings for SOCO International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOCO International and related companies with MarketBeat.com's FREE daily email newsletter.