Pod Point Group (LON:PODP) Stock Price Down 3.4% – Here’s Why

Shares of Pod Point Group Holdings Plc (LON:PODP) dropped 3.4% during trading on Monday . The company traded as low as GBX 12.10 ($0.15) and last traded at GBX 12.39 ($0.16). Approximately 1,879,041 shares traded hands during mid-day trading, an increase of 515% from the average daily volume of 305,656 shares. The stock had previously closed at GBX 12.82 ($0.16).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.75) price target on shares of Pod Point Group in a research note on Wednesday, September 11th.

Pod Point Group Trading Down 3.4 %

The firm has a 50-day moving average of GBX 13.87 and a 200 day moving average of GBX 17.68. The company has a market cap of £19.32 million, a P/E ratio of -28.16 and a beta of 1.25. The company has a current ratio of 1.45, a quick ratio of 2.97 and a debt-to-equity ratio of 6.20.

Insider Buying and Selling at Pod Point Group

In other news, insider Melanie Lane bought 400,000 shares of Pod Point Group stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of GBX 13 ($0.16) per share, for a total transaction of £52,000 ($65,187.41). Insiders own 57.59% of the company’s stock.

Pod Point Group Company Profile

Pod Point Group Holdings Plc, together with its subsidiaries, engages in the development and supply of equipment and systems for recharging electric vehicles (EV) in the United Kingdom and Norway. It is involved in the installation and operation of EV charging points for home, workplace, destination, and en-route places.