Baltic Classifieds Group (LON:BCG) Trading Down 5.7% – Here’s What Happened

Baltic Classifieds Group PLC (LON:BCG)’s share price was down 5.7% during mid-day trading on Tuesday . The company traded as low as GBX 313.50 ($3.91) and last traded at GBX 314.50 ($3.92). Approximately 508,510 shares were traded during mid-day trading, an increase of 13% from the average daily volume of 450,721 shares. The stock had previously closed at GBX 333.50 ($4.16).

Baltic Classifieds Group Stock Performance

The company has a current ratio of 2.20, a quick ratio of 2.36 and a debt-to-equity ratio of 15.05. The firm’s fifty day moving average is GBX 327.19 and its 200 day moving average is GBX 296.26. The company has a market cap of £1.51 billion, a PE ratio of 6,290.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43.

Baltic Classifieds Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be paid a dividend of €0.01 ($0.01) per share. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 0.29%. Baltic Classifieds Group’s dividend payout ratio is currently 6,000.00%.

Insider Buying and Selling

In other Baltic Classifieds Group news, insider Justinas Šimkus sold 425,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of GBX 319 ($3.98), for a total value of £1,355,750 ($1,691,304.89). Insiders sold a total of 3,395,637 shares of company stock worth $1,102,909,477 in the last 90 days. Insiders own 8.91% of the company’s stock.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG’s online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.