Time Out Group (LON:TMO) Shares Down 2% – What’s Next?

Time Out Group plc (LON:TMO) shares fell 2% during trading on Thursday . The company traded as low as GBX 49 ($0.60) and last traded at GBX 50 ($0.62). 44,886 shares were traded during trading, an increase of 211% from the average session volume of 14,451 shares. The stock had previously closed at GBX 51 ($0.63).

Time Out Group Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.38 and a debt-to-equity ratio of 209.61. The company has a market cap of £170.17 million, a price-to-earnings ratio of -833.33 and a beta of 1.09. The stock has a 50 day moving average price of GBX 51.69 and a two-hundred day moving average price of GBX 52.98.

Insiders Place Their Bets

In other news, insider Peter Adam Daiches Dubens purchased 666,666 shares of Time Out Group stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of GBX 50 ($0.62) per share, with a total value of £333,333 ($410,155.04). Company insiders own 47.53% of the company’s stock.

Time Out Group Company Profile

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.