Huddled Group (LON:HUD) Trading Down 1.6% – Here’s What Happened

Shares of Huddled Group Plc (LON:HUD) were down 1.6% during mid-day trading on Tuesday . The stock traded as low as GBX 2.95 ($0.04) and last traded at GBX 3.05 ($0.04). Approximately 1,337,518 shares traded hands during trading, an increase of 80% from the average daily volume of 743,766 shares. The stock had previously closed at GBX 3.10 ($0.04).

Huddled Group Stock Performance

The firm has a market capitalization of £10.06 million, a price-to-earnings ratio of -314.00 and a beta of 2.30. The company has a 50 day moving average price of GBX 3.16 and a two-hundred day moving average price of GBX 2.99.

Insider Activity

In other Huddled Group news, insider Martin Higginson sold 31,396,932 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 3 ($0.04), for a total value of £941,907.96 ($1,185,834.02). Company insiders own 57.38% of the company’s stock.

Huddled Group Company Profile

Huddled Group Plc engages in the production of virtual reality (VR) experiences to partner sites on a revenue share basis. It offers solutions for edutainment, and leisure and entertainment industries, as well as sells virtual and augmented reality consumer products. The company is also involved in the design and development of software; and provision of in-home virtual reality equipment and experiences, as well as location-based entertainment services.