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

Shares of Time Out Group plc (LON:TMO) dropped 6.8% on Friday . The stock traded as low as GBX 8.25 and last traded at GBX 8.25. Approximately 361,605 shares changed hands during mid-day 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 Trading Down 6.8%

The firm 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. The company has a fifty day moving average price of GBX 10.38 and a 200-day moving average price of GBX 12.98.

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

Insider Transactions at Time Out Group

In other Time Out Group news, insider Chris Ohlund acquired 1,250,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were acquired at an average price of GBX 8 per share, for a total transaction of £100,000. Also, insider Matthew Robert Phillip Pritchard acquired 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average price of GBX 8 per share, with a total value of £20,000. Insiders have acquired a total of 73,780,288 shares of company stock valued at $590,242,304 over the last 90 days. 3.58% of the stock is owned by company insiders.

About Time Out Group

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.