Petrofac (LON:PFC) Stock Price Down 12.9% – Here’s Why

Petrofac Limited (LON:PFC)’s stock price traded down 12.9% on Wednesday . The stock traded as low as GBX 3.60 ($0.05) and last traded at GBX 4.34 ($0.06). 20,916,006 shares were traded during mid-day trading, an increase of 738% from the average session volume of 2,494,923 shares. The stock had previously closed at GBX 4.99 ($0.07).

Petrofac Stock Down 12.9 %

The company has a market cap of £29.38 million, a P/E ratio of -0.05, a price-to-earnings-growth ratio of -6.27 and a beta of 0.97. The firm’s 50 day moving average price is GBX 6.12 and its two-hundred day moving average price is GBX 8.60. The company has a debt-to-equity ratio of -148.69, a quick ratio of 1.31 and a current ratio of 0.68.

Insider Buying and Selling at Petrofac

In other Petrofac news, insider Afonso Reis e Sousa sold 47,653 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of GBX 5 ($0.07), for a total value of £2,382.65 ($3,195.61). Insiders own 16.47% of the company’s stock.

About Petrofac

Petrofac Limited designs, builds, manages, maintains, and decommissions infrastructure for the energy industries in the United Kingdom, Algeria, Lithuania, Malaysia, the United States, Thailand, Oman, Australia, Bahrain, Kuwait, Iraq, Libya, India, the United Arab Emirates, the Netherlands, Ivory Coast, and internationally.