Arena Events Group PLC (LON:ARE)’s stock price dropped 0.7% during mid-day trading on Wednesday . The company traded as low as GBX 17.70 ($0.23) and last traded at GBX 18 ($0.24), approximately 51,500 shares changed hands during mid-day trading. A decline of 59% from the average daily volume of 126,470 shares. The stock had previously closed at GBX 18.13 ($0.24).
The business’s 50 day moving average price is GBX 18.30 and its 200-day moving average price is GBX 28. The company has a debt-to-equity ratio of 79.14, a current ratio of 0.98 and a quick ratio of 0.79. The company has a market cap of $27.14 million and a P/E ratio of -6.43.
In other news, insider Gregory Malcolm Lawless bought 100,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of GBX 18 ($0.24) per share, for a total transaction of £18,000 ($23,677.98).
About Arena Events Group (LON:ARE)
Arena Events Group plc, through its subsidiaries, provides event rental solutions. It specializes in providing temporary event environments, large-scale event project management, and specialist event equipment. It provides temporary structures, such as simple marquees, triple deck temporary buildings, indoor and outdoor temporary seats, interiors, furniture, and ice rinks, as well as tableware under the Well Dressed Tables brand.
Further Reading: Discount Rate
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