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

Time Out Group plc (LON:TMO) shares 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 changing hands.

Time Out Group Trading Down 3.0%

The company has a market capitalization of £41.81 million, a P/E ratio of -0.44 and a beta of 0.07. The company has a 50-day simple moving average of GBX 8.43 and a 200 day simple moving average of GBX 10.29. The company has a debt-to-equity ratio of -314.47, a quick ratio of 0.38 and a current ratio of 0.51.

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

Insider Activity at Time Out Group

In related news, insider Matthew Robert Phillip Pritchard acquired 250,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were bought at an average price of GBX 8 per share, for a total transaction of £20,000. Also, insider Peter Adam Daiches Dubens acquired 72,280,288 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were bought at an average cost of GBX 8 per share, with a total value of £5,782,423.04. Insiders purchased a total of 73,780,288 shares of company stock worth $590,242,304 in the last ninety days. 23.40% of the stock is currently owned by insiders.

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.