Time Out Group (LON:TMO) Trading Down 2% – Here’s Why

Time Out Group plc (LON:TMO) shares traded down 2% during mid-day trading on Thursday . The stock traded as low as GBX 49 ($0.60) and last traded at GBX 50 ($0.62). 44,886 shares were traded during mid-day 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 Price Performance

The company has a quick ratio of 0.38, a current ratio of 0.81 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’s 50-day simple moving average is GBX 51.69 and its 200 day simple moving average is GBX 52.98.

Insider Transactions at Time Out Group

In related news, insider Peter Adam Daiches Dubens acquired 666,666 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price 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.