Time Out Group (LON:TMO) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Time Out Group plc (LON:TMO) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 9.08 and traded as low as GBX 8.15. Time Out Group shares last traded at GBX 8.15, with a volume of 26,957 shares trading hands.

Time Out Group Trading Down 8.4%

The company has a quick ratio of 0.38, a current ratio of 0.70 and a debt-to-equity ratio of 217.42. The company’s 50-day moving average is GBX 9.08 and its 200 day moving average is GBX 11.65. The company has a market cap of £42.60 million, a price-to-earnings ratio of -0.45 and a beta of 1.09.

Time Out Group (LON:TMO) last posted its earnings results on Wednesday, December 31st. The company reported GBX (18.20) earnings per share (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 Buying and Selling

In related news, insider Chris Ohlund purchased 1,250,000 shares of Time Out Group stock in a transaction that occurred on Wednesday, January 7th. The stock was purchased at an average price of GBX 8 per share, for a total transaction of £100,000. Also, insider Matthew Robert Phillip Pritchard purchased 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average cost of GBX 8 per share, for a total transaction of £20,000. In the last quarter, insiders purchased 73,780,288 shares of company stock valued at $590,242,304. 23.40% of the stock is owned by corporate 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.