Sabien Technology Group (LON:SNT) Stock Price Down 13% – Here’s What Happened

Sabien Technology Group Plc (LON:SNT)’s share price dropped 13% during trading on Thursday . The stock traded as low as GBX 6 and last traded at GBX 6.74. Approximately 1,343,164 shares traded hands during trading, an increase of 184% from the average daily volume of 472,195 shares. The stock had previously closed at GBX 7.75.

Sabien Technology Group Stock Performance

The firm’s fifty day moving average price is GBX 6.38 and its 200 day moving average price is GBX 7.19. The company has a current ratio of 0.31, a quick ratio of 1.54 and a debt-to-equity ratio of -125.31. The firm has a market capitalization of £1.74 million, a PE ratio of -3.37 and a beta of 0.59.

Sabien Technology Group (LON:SNT) last posted its quarterly earnings results on Thursday, April 2nd. The company reported GBX (0.78) EPS for the quarter. Sabien Technology Group had a negative net margin of 47.10% and a positive return on equity of 219.72%. The company had revenue of GBX 50 million for the quarter.

Insider Activity at Sabien Technology Group

In related news, insider Richard Parris sold 187,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of GBX 660, for a total value of £1,234,200. Insiders own 55.63% of the company’s stock.

Sabien Technology Group Company Profile

Sabien Technology Group Plc, together with its subsidiaries, engages in the provision of energy reduction and cloud-connected carbon management technologies serving the commercial heating sector in the United Kingdom and internationally. It offers M2G intelligent boiler load control solution and cloud-connected carbon management service optimize boilers' energy use. Sabien Technology Group Plc sells its products directly, as well as through various facilities management and property management organizations.