Webis (LON:WEB) Shares Down 17.4% – Here’s What Happened

Shares of Webis Holdings plc (LON:WEBGet Free Report) fell 17.4% during mid-day trading on Monday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.10 ($0.00). 4,123,178 shares traded hands during mid-day trading, an increase of 502% from the average session volume of 685,281 shares. The stock had previously closed at GBX 0.12 ($0.00).

Webis Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.31 and a debt-to-equity ratio of 7,278.12. The firm has a market cap of £314,672.00, a price-to-earnings ratio of 14.13 and a beta of 0.68. The business has a 50 day moving average price of GBX 0.44 and a 200-day moving average price of GBX 0.82.

Webis Company Profile

(Get Free Report)

Webis Holdings plc, through its subsidiaries, provides pari-mutuel wagering services in the United States of America and Isle of Man. It operates through two segments: Racetrack and ADW Operations. The company offers deposit wagering services by passing wagers directly into global racetrack betting pools in real time; pari-mutuel wagering or pool-betting services through a range of distribution channels; business-to-business wagering product; and business trading product, as well as operates a telephone call center.

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