Huddled Group (LON:HUD) Shares Down 8.2% – Here’s What Happened

Huddled Group Plc (LON:HUD) shares dropped 8.2% on Wednesday . The company traded as low as GBX 3.03 ($0.04) and last traded at GBX 3.03 ($0.04). Approximately 1,318,565 shares changed hands during trading, an increase of 91% from the average daily volume of 690,447 shares. The stock had previously closed at GBX 3.30 ($0.04).

Huddled Group Stock Performance

The stock has a market capitalization of £9.93 million, a P/E ratio of -309.80 and a beta of 2.30. The firm has a fifty day moving average price of GBX 3.10 and a two-hundred day moving average price of GBX 3.08.

Insiders Place Their Bets

In other news, insider Martin Higginson sold 31,396,932 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 3 ($0.04), for a total value of £941,907.96 ($1,175,034.88). Insiders own 57.38% of the company’s stock.

Huddled Group Company Profile

We are dedicated to delivering exceptional value and efficiency in the ever-expanding realm of e-commerce.

Our mission is to launch and cultivate innovative, hyper-relevant businesses that not only meet the evolving needs of our customers but also maximise shareholder value.

Through strategic investments, continuous innovation, and a customer-centric approach; combined with a management team with a track-record of successfully launching, building and exiting businesses in the Technology, Media and Telecom sector we ensure that our businesses stay at the forefront of their respective industries, and not only meet the evolving needs of our customers but also maximise shareholder value.