Distil (LON:DIS) Shares Down 50% – Time to Sell?

Shares of Distil Plc (LON:DIS) dropped 50% during trading on Tuesday . The stock traded as low as GBX 0.03 and last traded at GBX 0.05. Approximately 59,305,691 shares were traded during mid-day trading, an increase of 832% from the average daily volume of 6,360,754 shares. The stock had previously closed at GBX 0.09.

Distil Price Performance

The company has a fifty day simple moving average of GBX 0.11 and a two-hundred day simple moving average of GBX 0.13. The company has a debt-to-equity ratio of 5.78, a quick ratio of 2.74 and a current ratio of 2.33. The company has a market capitalization of £915,210.00, a price-to-earnings ratio of -0.56 and a beta of 0.61.

Distil Company Profile

Distil Plc, together its subsidiaries, engages in the marketing and sale of spirits. The company offers its products under various brands, including RedLeg Spiced Rum, Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black Vodka, TRØVE Botanical Spirit, and Diva Vodka. It markets and sells its products in the United Kingdom, the United States, Germany, Spain, Australia, and Russia. The company was formerly known as Blavod Wines and Spirits plc and changed its name to Distil Plc in April 2014.