Insig AI (LON:INSG) Shares Down 12.4% – Here’s Why

Insig AI Plc (LON:INSG)’s share price fell 12.4% during trading on Thursday . The company traded as low as GBX 9 and last traded at GBX 9.20. Approximately 1,436,829 shares changed hands during trading, an increase of 352% from the average daily volume of 318,005 shares. The stock had previously closed at GBX 10.50.

Insig AI Trading Up 9.3%

The stock has a 50-day moving average of GBX 12.99 and a 200 day moving average of GBX 14.07. The company has a quick ratio of 0.92, a current ratio of 0.08 and a debt-to-equity ratio of -90.25. The stock has a market cap of £12.78 million, a PE ratio of -8.56 and a beta of -0.57.

Insig AI (LON:INSG) last posted its quarterly earnings results on Thursday, September 17th. The company reported GBX (1.51) earnings per share (EPS) for the quarter. Insig AI had a positive return on equity of 240.59% and a negative net margin of 525.23%.

Insider Buying and Selling at Insig AI

In other Insig AI news, insider Richard Bernstein bought 50,000 shares of Insig AI stock in a transaction that occurred on Wednesday, July 8th. The stock was purchased at an average price of GBX 13 per share, with a total value of £6,500. 27.42% of the stock is owned by insiders.

About Insig AI

Catena Group Plc is an AIM listed data science and machine learning company focused on providing solutions to the asset management industry.