Time Out Group (LON:TMO) Stock Price Down 1.9% – Here’s What Happened

Time Out Group plc (LON:TMO)’s share price fell 1.9% on Wednesday . The company traded as low as GBX 51 ($0.64) and last traded at GBX 51 ($0.64). 7,918 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 174,830 shares. The stock had previously closed at GBX 52 ($0.65).

Time Out Group Stock Performance

The company has a debt-to-equity ratio of 209.61, a quick ratio of 0.38 and a current ratio of 0.81. The firm has a market capitalization of £173.57 million, a PE ratio of -850.00 and a beta of 1.09. The firm’s 50 day moving average price is GBX 50.93 and its 200-day moving average price is GBX 53.08.

Insiders Place Their Bets

In other news, insider Peter Adam Daiches Dubens acquired 666,666 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of GBX 50 ($0.63) per share, for a total transaction of £333,333 ($419,075.94). 47.53% of the stock is currently owned by company insiders.

About Time Out Group

Time Out Group plc, together with its subsidiaries, engages in the media and entertainment business. It operates through Time Out Market and Time Out Media segments. The Time Out Market segment operates bars; and engages in retail, events, and sponsorship business activities. The Time Out Media segment engages in the sale of digital and print advertising, local marketing solutions, and live events tickets; as well as involved in franchise activities.