Sophos Group plc (SOPH.L) (LON:SOPH) Shares Pass Below 50 Day Moving Average – Should You Sell?

Sophos Group plc (SOPH.L) (LON:SOPH)’s share price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 580.40 ($7.56) and traded as low as GBX 580.40 ($7.56). Sophos Group plc (SOPH.L) shares last traded at GBX 580.40 ($7.56), with a volume of 68,853 shares changing hands.

Sophos Group plc (SOPH.L) Stock Performance

The firm has a market cap of £2.99 billion and a PE ratio of 341.41. The business has a 50 day simple moving average of GBX 580.40 and a two-hundred day simple moving average of GBX 580.40. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 168.23.

About Sophos Group plc (SOPH.L)

Sophos Group plc, through its subsidiaries, provides cloud-enabled end-user and network security solutions. The company offers Intercept X, which delivers endpoint protection against unknown malware, exploits, and ransomware; XG Firewall, a next generation firewall that provides unprecedented visibility for networks, users, and applications directly from the control center; Sophos Central, a unified cloud administration console for managing various Sophos products; and Cloud Optix that offers artificial intelligence-based cloud security analytics, compliance, and DevSecOps platform to provide end-to-end protection in public cloud services.