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

Time Out Group plc (LON:TMO)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 9.08 and traded as low as GBX 8.15. Time Out Group shares last traded at GBX 8.15, with a volume of 26,957 shares traded.

Time Out Group Trading Down 8.4%

The company has a 50 day moving average of GBX 9.08 and a 200 day moving average of GBX 11.65. The company has a debt-to-equity ratio of 217.42, a quick ratio of 0.38 and a current ratio of 0.70. The stock has a market capitalization of £42.60 million, a price-to-earnings ratio of -0.45 and a beta of 1.09.

Time Out Group (LON:TMO) last released its earnings results 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 16.49% and a negative net margin of 4.45%.

Insider Activity at Time Out Group

In related news, insider Chris Ohlund purchased 1,250,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was purchased at an average price of GBX 8 per share, with a total value of £100,000. Also, insider Peter Adam Daiches Dubens acquired 72,280,288 shares of Time Out Group stock in a transaction that occurred on Wednesday, January 7th. The shares were bought at an average price of GBX 8 per share, for a total transaction of £5,782,423.04. In the last quarter, insiders acquired 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.