Napster Group (LON:MVR) Shares Down 1.6% – Here’s Why

Napster Group PLC (LON:MVRGet Free Report) dropped 1.6% during trading on Thursday . The company traded as low as GBX 3 ($0.04) and last traded at GBX 3.05 ($0.04). Approximately 6,387,128 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 8,275,872 shares. The stock had previously closed at GBX 3.10 ($0.04).

Napster Group Price Performance

The stock has a market capitalization of £76.53 million and a P/E ratio of -2.54. The company’s 50 day simple moving average is GBX 3.05 and its two-hundred day simple moving average is GBX 3.05. The company has a debt-to-equity ratio of 5.16, a current ratio of 2.66 and a quick ratio of 2.57.

Napster Group Company Profile

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MelodyVR Group PLC develops a music platform that allows users to experience music performances in virtual reality primarily in the United Kingdom. The company delivers virtual reality music experiences and original content to music fans via the MelodyVR music platform, a free-to-download app currently available on iOs and Android smartphones and virtual reality devices; and live-streaming performances in virtual reality.

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