musicMagpie (LON:MMAG) Stock Price Down 1.1% – Time to Sell?

Shares of musicMagpie plc (LON:MMAGGet Free Report) fell 1.1% during trading on Wednesday . The company traded as low as GBX 8.50 ($0.11) and last traded at GBX 8.65 ($0.11). 19,654 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 545,825 shares. The stock had previously closed at GBX 8.75 ($0.11).

musicMagpie Price Performance

The stock has a 50-day simple moving average of GBX 6.50 and a 200 day simple moving average of GBX 6.58. The company has a debt-to-equity ratio of 228.70, a quick ratio of 0.84 and a current ratio of 1.52. The company has a market cap of £8.53 million, a P/E ratio of -123.61 and a beta of 2.47.

About musicMagpie

(Get Free Report)

musicMagpie plc engages in the re-commerce of consumer technology, books, and disc media products in the United Kingdom and the United States. The company buys, refurbishes, rents, and sells consumer technology products, including smartphones, tablets, consoles, wearables, and personal computers; and CDs, DVDs, Blu-rays, and video games.

Further Reading

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