Trustpilot Group (LON:TRST) Stock Price Up 16.5% – Here’s What Happened

Trustpilot Group plc (LON:TRST) shares rose 16.5% during mid-day trading on Thursday . The company traded as high as GBX 324.50 ($3.97) and last traded at GBX 319.77 ($3.91). 10,704,650 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 7,263,369 shares. The stock had previously closed at GBX 274.50 ($3.36).

Trustpilot Group Stock Performance

The firm has a fifty day moving average price of GBX 291.21 and a 200 day moving average price of GBX 243.68. The company has a current ratio of 1.32, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market cap of £1.33 billion, a PE ratio of 10,659.00 and a beta of 1.02.

Insider Buying and Selling

In other news, insider Zillah Byng-Thorne purchased 39,200 shares of Trustpilot Group stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of GBX 252 ($3.08) per share, with a total value of £98,784 ($120,866.27). 8.24% of the stock is owned by company insiders.

About Trustpilot Group

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.