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

Time Out Group plc (LON:TMO)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 8.43 and traded as low as GBX 8. Time Out Group shares last traded at GBX 8, with a volume of 5 shares trading hands.

Time Out Group Price Performance

The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of -314.47. The stock has a market cap of £41.81 million, a price-to-earnings ratio of -0.44 and a beta of 0.07. The company’s 50-day moving average is GBX 8.43 and its 200-day moving average is GBX 10.29.

Time Out Group (LON:TMO) last announced its quarterly earnings results on Wednesday, December 31st. The company reported GBX (18.20) EPS for the quarter. Time Out Group had a negative return on equity of 22,303.85% and a negative net margin of 87.11%.

Insider Transactions at Time Out Group

In related news, insider Chris Ohlund purchased 1,250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average price of GBX 8 per share, with a total value of £100,000. Also, insider Peter Adam Daiches Dubens purchased 72,280,288 shares of the stock in a transaction on Wednesday, January 7th. The stock was bought at an average price of GBX 8 per share, for a total transaction of £5,782,423.04. In the last ninety days, insiders purchased 73,780,288 shares of company stock valued at $590,242,304. Corporate 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.