musicMagpie (LON:MMAG) Hits New 52-Week Low at $167.00

Shares of musicMagpie plc (LON:MMAG) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 167 ($2.18) and last traded at GBX 162 ($2.12), with a volume of 1011974 shares traded. The stock had previously closed at GBX 171 ($2.23).

Separately, Shore Capital reissued a “house stock” rating on shares of musicMagpie in a research note on Wednesday, July 28th.

The company has a quick ratio of 0.84, a current ratio of 1.37 and a debt-to-equity ratio of 12.24. The firm has a market capitalization of £174.59 million and a price-to-earnings ratio of -14.33. The firm has a 50 day moving average of GBX 175.83.

About musicMagpie (LON:MMAG)

Musicmagpie plc engages in the online purchase and sale of second-hand technology products in the United Kingdom and the United States. It offers smartphones, tablets, consoles, computers, CDs, DVDs, games, and books through its eCommerce platform. It sells its products through its online stores, musicMagpie.co.uk and Decluttr.com, and mobile application, as well as through third-party online channels.

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