Team Internet Group (LON:TIG) Sets New 52-Week Low – Here’s Why

Team Internet Group plc (LON:TIG)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 44.50 and last traded at GBX 45, with a volume of 83174 shares changing hands. The stock had previously closed at GBX 45.90.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 100 price objective on shares of Team Internet Group in a research note on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 100.

Team Internet Group Stock Down 2.0%

The stock has a fifty day moving average of GBX 56.76 and a two-hundred day moving average of GBX 60.87. The stock has a market cap of £112.56 million, a price-to-earnings ratio of 5.21 and a beta of 0.60.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.