Falanx Group (LON:FLX) Shares Down 8.7% – Here’s What Happened

Falanx Group Limited (LON:FLX) dropped 8.7% during trading on Thursday . The stock traded as low as GBX 0.52 ($0.01) and last traded at GBX 0.53 ($0.01). Approximately 3,225,000 shares changed hands during trading, an increase of 110% from the average daily volume of 1,536,552 shares. The stock had previously closed at GBX 0.58 ($0.01).

Falanx Group Stock Performance

The company has a debt-to-equity ratio of 88.00, a quick ratio of 1.82 and a current ratio of 1.82. The stock has a market cap of £2.76 million and a P/E ratio of -0.88. The firm’s 50 day moving average is GBX 0.52 and its 200 day moving average is GBX 0.53.

Falanx Group Company Profile

Falanx Group Limited, through its subsidiaries, provides offensive and defensive cyber security services in the United Kingdom, Europe, the Americas, the Middle East, and Africa. The company offers penetration testing, ethical phishing, red teaming security testing, cyber exposure level scores, and continuous vulnerability scanning; managed detection and response, managed endpoint detection and response, and retained incident response services; and cybersecurity awareness training, cyber essentials certification, cyber threat and risk assessments, and cyber advice and guidance services.