AIREA (LON:AIEA) Stock Jumps 7.1% – Here’s What Happened

Shares of AIREA plc (LON:AIEA) shot up 7.1% during mid-day trading on Wednesday. The stock traded as high as GBX 27.84 and last traded at GBX 27.84. 20,161 shares traded hands during trading, a decline of 54% from the average session volume of 44,193 shares. The stock had previously closed at GBX 26.

AIREA Stock Performance

The company has a debt-to-equity ratio of 12.40, a quick ratio of 1.66 and a current ratio of 2.98. The stock has a market capitalization of £10.39 million, a P/E ratio of 7.16 and a beta of 1.08. The business has a 50-day moving average price of GBX 26.69 and a 200 day moving average price of GBX 26.53.

AIREA (LON:AIEA) last posted its quarterly earnings data on Tuesday, September 29th. The company reported GBX 0.57 earnings per share for the quarter. AIREA had a return on equity of 0.39% and a net margin of 0.31%.

Insider Activity at AIREA

In related news, insider Tanya Ashton bought 33,320 shares of the stock in a transaction on Thursday, August 6th. The shares were acquired at an average price of GBX 26 per share, for a total transaction of £8,663.20. Also, insider Mederic Payne sold 161,662 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 26, for a total transaction of £42,032.12. 16.42% of the stock is currently owned by insiders.

About AIREA

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.