Digitalbox (LON:DBOX) Shares Down 20.2% – Time to Sell?

Digitalbox plc (LON:DBOX) shares fell 20.2% on Thursday . The stock traded as low as GBX 4.50 and last traded at GBX 5.03. Approximately 1,322,253 shares traded hands during mid-day trading, an increase of 246% from the average session volume of 381,623 shares. The stock had previously closed at GBX 6.30.

Digitalbox Price Performance

The business’s 50-day moving average price is GBX 5.28 and its two-hundred day moving average price is GBX 4.66. The company has a market capitalization of £5.90 million, a P/E ratio of -40.32 and a beta of 0.09.

About Digitalbox

Based in Bath, UK, Digitalbox is a ‘pure-play’ digital media business with the aim of profitable publishing at scale on mobile platforms.

Digitalbox operates the following trading brands, “Entertainment Daily”, “The Daily Mash”, “The Tab”, and “The Poke”. Entertainment Daily produces and publishes online UK entertainment news covering TV, showbiz and celebrity news. The Daily Mash produces and publishes satirical news content. The Tab is the UK’s biggest youth culture site fuelled by students.