Petrofac Limited (LON:PFC – Get Free Report) dropped 28.6% during trading on Wednesday . The stock traded as low as GBX 8.28 ($0.10) and last traded at GBX 10.50 ($0.13). Approximately 59,652,301 shares changed hands during mid-day trading, an increase of 719% from the average daily volume of 7,284,929 shares. The stock had previously closed at GBX 14.70 ($0.18).
Petrofac Trading Down 28.6 %
The company’s 50 day moving average price is GBX 24.83 and its 200 day moving average price is GBX 30.85. The company has a debt-to-equity ratio of 900.89, a current ratio of 0.88 and a quick ratio of 1.31. The firm has a market cap of £54.82 million, a PE ratio of -13.29, a price-to-earnings-growth ratio of -6.27 and a beta of 0.82.
Insider Activity at Petrofac
In other news, insider Sara Akbar bought 18,955 shares of Petrofac stock in a transaction that occurred on Thursday, April 4th. The shares were purchased at an average price of GBX 26 ($0.33) per share, with a total value of £4,928.30 ($6,190.55). 16.56% of the stock is owned by corporate insiders.
About Petrofac
Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).
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