Team Internet Group (LON:TIG) Hits New 52-Week Low – Time to Sell?

Shares of Team Internet Group plc (LON:TIG) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 42.20 and last traded at GBX 43.50, with a volume of 236173 shares. The stock had previously closed at GBX 46.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on Team Internet Group from GBX 100 to GBX 90 and set a “buy” rating on the stock in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 90.

Team Internet Group Price Performance

The firm has a 50 day simple moving average of GBX 48.81 and a 200-day simple moving average of GBX 51.73. The company has a market cap of £108.81 million, a price-to-earnings ratio of 5.04 and a beta of 0.60.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients. The Online Marketing segment offers privacy-safe AI-based customer journeys that help online consumers make informed choices. It also sells domain names to registrants and license registry management platform.