Equiniti Group (LON:EQN) Shares Up 89,800% – Time to Buy?

Equiniti Group plc (LON:EQN)’s share price shot up 89,800% during trading on Thursday . The company traded as high as GBX 179.80 ($2.27) and last traded at GBX 179.80 ($2.27). 102,999 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,728,900 shares. The stock had previously closed at GBX 0.20 ($0.00).

Equiniti Group Stock Performance

The company has a debt-to-equity ratio of 57.88, a current ratio of 1.15 and a quick ratio of 1.04. The company has a fifty day moving average price of GBX 179.80 and a 200 day moving average price of GBX 179.80. The stock has a market cap of £661.23 million and a P/E ratio of 78.17.

Equiniti Group Company Profile

Equiniti Group plc, together with its subsidiaries, provides administration and payment services worldwide. The company operates in five segments: EQ Boardroom, EQ Digital, EQ Paymaster, EQ US, and Interest Income. It offers shareholder management services, including share registration, dividends, meeting management, governance and investor relations; employee share plans, executive and discretionary share plans, private markets, and SaaS solutions; initial public offerings; and corporate actions, which include mergers and acquisition, capital raisings, capital reconstructions, and returns of capital.