Zinc Media Group (LON:ZIN) Stock Passes Below 50-Day Moving Average – Here’s Why

Zinc Media Group plc (LON:ZINGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 57.06 and traded as low as GBX 55. Zinc Media Group shares last traded at GBX 55, with a volume of 27,000 shares.

Zinc Media Group Stock Down 0.8%

The business has a 50-day simple moving average of GBX 57.07 and a 200-day simple moving average of GBX 48.86. The company has a debt-to-equity ratio of 343.77, a quick ratio of 1.09 and a current ratio of 0.78. The company has a market cap of £17.03 million, a price-to-earnings ratio of -5.50 and a beta of -0.05.

About Zinc Media Group

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Zinc Media Group plc, together with its subsidiaries, produces television and cross-platform content in the United Kingdom and internationally. It operates in two segments, Television and Content Production. The Television segment engages in the production of television content under the Blakeway, Brook Lapping, Films of Record, Red Sauce, Supercollider, REX, and Tern names. The Content Production segment is involved in film production, radio and podcast production and publishing. The company was formerly known as Ten Alps plc and changed its name to Zinc Media Group plc in November 2016.

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