Tandem Group (LON:TND) Share Price Breaks Below 200-Day Moving Average – What’s Next?

Tandem Group plc (LON:TND)’s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 174.12 and traded as low as GBX 170. Tandem Group shares last traded at GBX 170, with a volume of 1,466 shares changing hands.

Tandem Group Stock Down 2.9%

The company has a current ratio of 1.96, a quick ratio of 1.51 and a debt-to-equity ratio of 12.55. The stock has a 50-day simple moving average of GBX 179.25 and a 200-day simple moving average of GBX 174.12. The company has a market cap of £9.38 million, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.03 and a beta of 0.83.

Tandem Group (LON:TND) last released its quarterly earnings results on Friday, September 25th. The company reported GBX 1.30 earnings per share (EPS) for the quarter. Tandem Group had a return on equity of 4.97% and a net margin of 4.82%. As a group, analysts predict that Tandem Group plc will post 7.20 EPS for the current year.

Insiders Place Their Bets

In related news, insider Simon Bragg bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average price of GBX 170 per share, for a total transaction of £34,000. 36.41% of the stock is owned by insiders.

About Tandem Group

Tandem Group plc is a designer, developer, distributor and retailer of sports, leisure and mobility products.