musicMagpie (LON:MMAG) Shares Down 1.1% – Here’s Why

musicMagpie plc (LON:MMAGGet Free Report) shares fell 1.1% during trading on Wednesday . The company traded as low as GBX 8.50 ($0.11) and last traded at GBX 8.65 ($0.11). 19,654 shares traded hands during trading, a decline of 96% from the average session volume of 545,825 shares. The stock had previously closed at GBX 8.75 ($0.11).

musicMagpie Stock Performance

The stock has a fifty day simple moving average of GBX 6.63 and a two-hundred day simple moving average of GBX 6.61. The company has a debt-to-equity ratio of 228.70, a quick ratio of 0.84 and a current ratio of 1.52. The stock has a market capitalization of £8.53 million, a price-to-earnings ratio of -123.61 and a beta of 2.47.

musicMagpie Company Profile

(Get Free Report)

musicMagpie plc engages in the re-commerce of consumer technology, books, and disc media products in the United Kingdom and the United States. The company buys, refurbishes, rents, and sells consumer technology products, including smartphones, tablets, consoles, wearables, and personal computers; and CDs, DVDs, Blu-rays, and video games.

Further Reading

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