Time Out Group (LON:TMO) Shares Pass Below Fifty Day Moving Average – Time to Sell?

Shares of Time Out Group plc (LON:TMO) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 51.26 ($0.63) and traded as low as GBX 48.04 ($0.59). Time Out Group shares last traded at GBX 48.04 ($0.59), with a volume of 7,710 shares trading hands.

Time Out Group Price Performance

The stock has a fifty day moving average of GBX 51.26 and a two-hundred day moving average of GBX 52.74. The stock has a market capitalization of £163.49 million, a price-to-earnings ratio of -800.67 and a beta of 1.09. The company has a current ratio of 0.81, a quick ratio of 0.38 and a debt-to-equity ratio of 209.61.

Insider Buying and Selling at Time Out Group

In other news, insider Peter Adam Daiches Dubens acquired 666,666 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of GBX 50 ($0.61) per share, for a total transaction of £333,333 ($407,846.57). Corporate insiders own 47.53% of the company’s stock.

Time Out Group Company Profile

Time Out Group is a global media and hospitality business that inspires and enables people to experience the best of the city through its two divisions – Time Out Media and Time Out Market. Time Out launched in London in 1968 to help people discover the exciting new urban cultures that had started up all over the city – today it is the only global brand dedicated to city life.