Time Out Group (LON:TMO) Shares Down 2.9% – Here’s Why

Time Out Group plc (LON:TMO) shares were down 2.9% during mid-day trading on Friday . The stock traded as low as GBX 51 ($0.64) and last traded at GBX 51 ($0.64). Approximately 93,767 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 177,935 shares. The stock had previously closed at GBX 52.50 ($0.66).

Time Out Group Stock Performance

The business has a 50 day simple moving average of GBX 51.72 and a 200 day simple moving average of GBX 53.03. The company has a debt-to-equity ratio of 209.61, a current ratio of 0.81 and a quick ratio of 0.38. The company has a market cap of £178.67 million, a price-to-earnings ratio of -875.00 and a beta of 1.09.

Insiders Place Their Bets

In related news, insider Peter Adam Daiches Dubens acquired 666,666 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of GBX 50 ($0.63) per share, for a total transaction of £333,333 ($417,867.62). Insiders own 47.53% of the company’s stock.

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.