Hostmore (LON:MORE) Trading Down 8.8% – Here’s What Happened

Shares of Hostmore plc (LON:MORE) were down 8.8% during mid-day trading on Tuesday . The stock traded as low as GBX 0.13 ($0.00) and last traded at GBX 0.16 ($0.00). Approximately 6,938,171 shares were traded during trading, an increase of 237% from the average daily volume of 2,058,821 shares. The stock had previously closed at GBX 0.17 ($0.00).

Hostmore Price Performance

The company has a debt-to-equity ratio of 1,145.20, a current ratio of 0.27 and a quick ratio of 0.41. The company has a 50-day simple moving average of GBX 0.56 and a two-hundred day simple moving average of GBX 10.21. The stock has a market capitalization of £195,501.50, a price-to-earnings ratio of -0.70 and a beta of 0.86.

Insiders Place Their Bets

In other Hostmore news, insider Julie McEwan purchased 45,711 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was bought at an average price of GBX 10 ($0.13) per share, with a total value of £4,571.10 ($5,882.25). 37.26% of the stock is owned by corporate insiders.

Hostmore Company Profile

Hostmore plc operates in the hospitality business. It operates American-themed casual dining restaurants under the TGI Fridays brand; cocktail-led bar and restaurants under the 63rd+1st brand; and fast casual dining restaurants under the Fridays and Go brand. The company was incorporated in 2021 and is based in Edinburgh, the United Kingdom.