Bay Capital (LON:BAY) Shares Up 20.9% – What’s Next?

Shares of Bay Capital Plc (LON:BAY) shot up 20.9% during mid-day trading on Friday . The company traded as high as GBX 6.95 and last traded at GBX 6.95. 70,000 shares changed hands during trading, a decline of 88% from the average session volume of 588,964 shares. The stock had previously closed at GBX 5.75.

Bay Capital Trading Up 20.9%

The stock has a 50-day simple moving average of GBX 5.50 and a 200-day simple moving average of GBX 5.32. The company has a market cap of £4.87 million, a price-to-earnings ratio of -11.78 and a beta of -0.64.

About Bay Capital

Bay Capital Plc (LSE: BAY) was established in order to undertake one or more investment or acquisition opportunities of businesses operating within the UK or internationally where the Directors believe there to be opportunities for the creation of shareholder value across certain sectors of focus including industrials, construction and business services, and software and technology companies which service those industry verticals.

Bay Capital Plc is led by Peter Tom CBE as Chairman and David Williams as Director.