Time Out Group (LON:TMO) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Time Out Group plc (LON:TMO)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 7.79 and traded as low as GBX 7.26. Time Out Group shares last traded at GBX 7.26, with a volume of 13,052 shares trading hands.

Time Out Group Price Performance

The business’s 50 day moving average is GBX 7.79 and its 200-day moving average is GBX 9.11. The firm has a market capitalization of £36.59 million, a P/E ratio of -0.38 and a beta of 0.07. The company has a quick ratio of 0.38, a current ratio of 0.30 and a debt-to-equity ratio of -299.39.

Time Out Group (LON:TMO) last issued its earnings results on Tuesday, March 31st. The company reported GBX (1.90) earnings per share for the quarter. Time Out Group had a negative net margin of 15.82% and a positive return on equity of 47.01%. The company had revenue of GBX 3,975 million during the quarter.

About Time Out Group

Time Out Group is a global media and hospitality business that inspires and enables people to experience the best of the city through its two divisions – Time Out Media and Time Out Market. Time Out launched in London in 1968 to help people discover the exciting new urban cultures that had started up all over the city – today it is the only global brand dedicated to city life. Expert journalists curate and create content about the best things to Do, See and Eat across over 350 cities in over 50 countries and across a unique multi-platform model spanning both digital and physical channels.