Hostmore (LON:MORE) Trading Down 8.8% – Here’s What Happened

Hostmore plc (LON:MOREGet Free Report)’s share price dropped 8.8% during trading on Tuesday . The company traded as low as GBX 0.13 ($0.00) and last traded at GBX 0.16 ($0.00). Approximately 6,938,171 shares traded hands during mid-day trading, an increase of 237% from the average daily volume of 2,058,821 shares. The stock had previously closed at GBX 0.17 ($0.00).

Hostmore Stock Performance

The company has a market capitalization of £195,501.50, a PE ratio of -0.70 and a beta of 0.86. The company has a quick ratio of 0.41, a current ratio of 0.27 and a debt-to-equity ratio of 1,145.20. The business has a 50 day simple moving average of GBX 3.27 and a 200 day simple moving average of GBX 12.06.

Insider Transactions at Hostmore

In related news, insider Julie McEwan bought 45,711 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of GBX 10 ($0.13) per share, with a total value of £4,571.10 ($5,934.95). Company insiders own 37.26% of the company’s stock.

About Hostmore

(Get Free Report)

Hostmore plc operates in the hospitality business. It operates American-themed casual dining restaurants under the TGI Fridays brand; cocktail-led bar and restaurants under the 63rd+1st brand; and fast casual dining restaurants under the Fridays and Go brand. The company was incorporated in 2021 and is based in Edinburgh, the United Kingdom.

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