Time Out Group (LON:TMO) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Time Out Group plc (LON:TMO)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 8.66 and traded as low as GBX 8.50. Time Out Group shares last traded at GBX 8.50, with a volume of 250 shares.

Time Out Group Stock Performance

The company has a debt-to-equity ratio of -314.47, a current ratio of 0.51 and a quick ratio of 0.38. The company has a market capitalization of £44.42 million, a P/E ratio of -0.47 and a beta of 1.09. The stock’s 50 day simple moving average is GBX 8.66 and its two-hundred day simple moving average is GBX 11.09.

Time Out Group (LON:TMO) last posted its quarterly earnings data on Wednesday, December 31st. The company reported GBX (18.20) earnings per share (EPS) for the quarter. Time Out Group had a negative return on equity of 22,303.85% and a negative net margin of 4.45%.

Insider Buying and Selling

In other news, insider Matthew Robert Phillip Pritchard purchased 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average cost of GBX 8 per share, for a total transaction of £20,000. Also, insider Chris Ohlund bought 1,250,000 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was purchased at an average price of GBX 8 per share, for a total transaction of £100,000. Insiders acquired a total of 73,780,288 shares of company stock valued at $590,242,304 over the last ninety days. Insiders own 23.40% of the company’s stock.

About Time Out Group

Time Out Group is a global media and hospitality business that inspires and enables people to experience the best of the city through its two divisions – Time Out Media and Time Out Market. Time Out launched in London in 1968 to help people discover the exciting new urban cultures that had started up all over the city – today it is the only global brand dedicated to city life. Expert journalists curate and create content about the best things to Do, See and Eat across over 350 cities in over 50 countries and across a unique multi-platform model spanning both digital and physical channels.