Time Out Group (LON:TMO) Trading Down 6.8% – Here’s What Happened

Time Out Group plc (LON:TMO)’s stock price was down 6.8% during trading on Friday . The company traded as low as GBX 8.25 and last traded at GBX 8.25. Approximately 361,605 shares traded hands during trading, an increase of 203% from the average daily volume of 119,341 shares. The stock had previously closed at GBX 8.85.

Time Out Group Stock Performance

The stock’s 50 day moving average is GBX 10.46 and its two-hundred day moving average is GBX 13.11. The stock has a market capitalization of £32.43 million, a price-to-earnings ratio of -0.45 and a beta of 1.09. The company has a current ratio of 0.70, a quick ratio of 0.38 and a debt-to-equity ratio of 217.42.

Time Out Group (LON:TMO) last issued its quarterly earnings results on Wednesday, December 31st. The company reported GBX (18.20) EPS for the quarter. Time Out Group had a negative net margin of 4.45% and a negative return on equity of 16.49%.

Insider Activity at Time Out Group

In other Time Out Group news, insider Peter Adam Daiches Dubens purchased 72,280,288 shares of the stock in a transaction on Wednesday, January 7th. The shares were purchased at an average cost of GBX 8 per share, for a total transaction of £5,782,423.04. Also, insider Matthew Robert Phillip Pritchard bought 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were bought at an average price of GBX 8 per share, for a total transaction of £20,000. Over the last 90 days, insiders acquired 73,780,288 shares of company stock valued at $590,242,304. Corporate insiders own 3.58% of the company’s stock.

Time Out Group Company Profile

Time Out Group is a global media and hospitality business that inspires and enables people to experience the best of the city through its two divisions – Time Out Media and Time Out Market. Time Out launched in London in 1968 to help people discover the exciting new urban cultures that had started up all over the city – today it is the only global brand dedicated to city life. Expert journalists curate and create content about the best things to Do, See and Eat across over 350 cities in over 50 countries and across a unique multi-platform model spanning both digital and physical channels.