Insig AI (LON:INSG) Shares Up 2.7% – Here’s Why

Insig AI Plc (LON:INSG)’s share price rose 2.7% during trading on Wednesday . The company traded as high as GBX 17.30 and last traded at GBX 17.20. Approximately 188,735 shares were traded during trading, a decline of 62% from the average daily volume of 492,266 shares. The stock had previously closed at GBX 16.75.

Insig AI Stock Up 2.7%

The firm’s 50-day moving average price is GBX 19.44 and its 200 day moving average price is GBX 23.48. The company has a current ratio of 0.08, a quick ratio of 0.92 and a debt-to-equity ratio of 96.68. The company has a market capitalization of £21.49 million, a price-to-earnings ratio of -14.96 and a beta of -0.57.

Insig AI (LON:INSG) last announced its quarterly earnings data on Tuesday, December 9th. The company reported GBX (0.95) earnings per share (EPS) for the quarter. Insig AI had a negative net margin of 4,307.68% and a negative return on equity of 185.09%.

Insider Buying and Selling

In related news, insider Richard Bernstein acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was acquired at an average price of GBX 18 per share, with a total value of £18,000. Also, insider Richard Cooper acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of GBX 23 per share, for a total transaction of £11,500. Over the last quarter, insiders have purchased 342,120 shares of company stock valued at $6,958,280. 30.81% of the stock is owned by corporate insiders.

About Insig AI

Catena Group Plc is an AIM listed data science and machine learning company focused on providing solutions to the asset management industry.