Pod Point Group (LON:PODP) Stock Price Down 24.1% – Here’s What Happened

Pod Point Group Holdings Plc (LON:PODP) dropped 24.1% during trading on Tuesday . The company traded as low as GBX 5 ($0.07) and last traded at GBX 5 ($0.07). Approximately 185,767 shares traded hands during trading, a decline of 60% from the average daily volume of 468,676 shares. The stock had previously closed at GBX 6.59 ($0.09).

Pod Point Group Price Performance

The firm has a market cap of £7.18 million, a PE ratio of -0.12 and a beta of 1.25. The firm’s fifty day simple moving average is GBX 9.20 and its two-hundred day simple moving average is GBX 12.14. The company has a quick ratio of 2.97, a current ratio of 1.45 and a debt-to-equity ratio of 5.11.

Pod Point Group Company Profile

Pod Point was founded in 2009. Driven by a belief that driving shouldn’t cost the earth, Pod Point is building the infrastructure needed to enable the mass adoption of electric vehicles and to make living with an EV easy and affordable for everyone. As at 30 October 2023 the company has shipped more than 222k charge points on its network in the UK and is an official charge point supplier for major car brands.

Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions.