Iconic Labs (LON:ICON) Shares Down 18.6% – Time to Sell?

Iconic Labs Plc (LON:ICON) shares fell 18.6% during mid-day trading on Tuesday . The company traded as low as GBX 1.30 and last traded at GBX 1.30. 248,652 shares were traded during mid-day trading, an increase of 92% from the average session volume of 129,376 shares. The stock had previously closed at GBX 1.60.

Iconic Labs Trading Down 18.8%

The firm has a market cap of £197,002.00, a price-to-earnings ratio of -0.24 and a beta of 1.07. The stock’s fifty day moving average price is GBX 1.77 and its 200-day moving average price is GBX 2.10.

Iconic Labs (LON:ICON) last issued its quarterly earnings data on Tuesday, March 31st. The company reported GBX (1.94) earnings per share (EPS) for the quarter.

Iconic Labs Company Profile

Iconic Labs Plc, a media and technology business company, focuses on the identification and acquisition of companies in the online media, artificial intelligence, and big data gathering, processing, and analysis sectors. The company was formerly known as WideCells Group PLC and changed its name to Iconic Labs Plc in July 2019. Iconic Labs Plc was founded in 2012 and is based in London, the United Kingdom.