Utilitywise (LON:UTW) Stock Price Down 13.3% – Here’s Why

Shares of Utilitywise PLC (LON:UTW) traded down 13.3% during trading on Wednesday . The company traded as low as GBX 1.90 ($0.02) and last traded at GBX 1.90 ($0.02). 1,662,900 shares were traded during mid-day trading, an increase of 81% from the average session volume of 916,628 shares. The stock had previously closed at GBX 2.20 ($0.03).

Utilitywise Stock Performance

The business’s 50-day moving average is GBX 1.90 and its two-hundred day moving average is GBX 1.90. The firm has a market capitalization of £1.49 million and a price-to-earnings ratio of -0.11.

About Utilitywise

Utilitywise plc provides energy procurement and energy management services to businesses in the United Kingdom, the Republic of Ireland, and other European markets. It provides fixed and flexible energy and water procurement solutions; export contracts; energy commodity trading; public sector portfolio solutions; data collection and MOP tendering services; and risk management solutions.