Team Internet Group (LON:TIG) Trading Down 12.5% – Here’s What Happened

Shares of Team Internet Group plc (LON:TIG) traded down 12.5% on Friday . The stock traded as low as GBX 102.40 ($1.25) and last traded at GBX 103.03 ($1.26). 5,981,030 shares were traded during mid-day trading, an increase of 236% from the average session volume of 1,778,991 shares. The stock had previously closed at GBX 117.80 ($1.44).

Team Internet Group Stock Down 12.2 %

The firm has a market capitalization of £258.64 million, a PE ratio of 1,477.14 and a beta of 0.60. The firm’s 50 day moving average price is GBX 94.09 and its two-hundred day moving average price is GBX 133.42.

Insider Activity at Team Internet Group

In other news, insider Max Royde purchased 50,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of GBX 82 ($1.00) per share, with a total value of £41,000 ($50,061.05). Also, insider Marie Holive purchased 25,252 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of GBX 79 ($0.96) per share, for a total transaction of £19,949.08 ($24,357.85). Over the last quarter, insiders have acquired 287,112 shares of company stock valued at $23,329,748. 27.74% of the stock is currently owned by corporate insiders.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.