Time Out Group (LON:TMO) Trading Down 2% – Time to Sell?

Time Out Group plc (LON:TMO)’s share price traded down 2% during mid-day trading on Thursday . The company traded as low as GBX 49 ($0.60) and last traded at GBX 50 ($0.61). 44,886 shares changed hands during mid-day trading, an increase of 211% from the average session volume of 14,451 shares. The stock had previously closed at GBX 51 ($0.62).

Time Out Group Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.38 and a debt-to-equity ratio of 209.61. The firm’s fifty day moving average is GBX 51.62 and its 200 day moving average is GBX 52.93. The company has a market cap of £164.38 million, a PE ratio of -805.00 and a beta of 1.09.

Insider Activity

In related news, insider Peter Adam Daiches Dubens purchased 666,666 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of GBX 50 ($0.61) per share, with a total value of £333,333 ($407,000.00). Company insiders own 47.53% of the company’s stock.

About Time Out Group

Time Out Group is a global media and hospitality business that inspires and enables people to experience the best of the city through its two divisions – Time Out Media and Time Out Market. Time Out launched in London in 1968 to help people discover the exciting new urban cultures that had started up all over the city – today it is the only global brand dedicated to city life.