Huddled Group (LON:HUD) Trading Up 9.1% – Time to Buy?

Huddled Group Plc (LON:HUD)’s share price shot up 9.1% during mid-day trading on Friday . The stock traded as high as GBX 3.65 ($0.05) and last traded at GBX 3.60 ($0.05). 1,859,408 shares were traded during mid-day trading, an increase of 153% from the average session volume of 734,289 shares. The stock had previously closed at GBX 3.30 ($0.04).

Huddled Group Stock Performance

The firm has a market capitalization of £11.53 million, a P/E ratio of -360.00 and a beta of 2.30. The stock’s 50 day simple moving average is GBX 3.10 and its 200 day simple moving average is GBX 3.06.

Insider Buying and Selling

In other Huddled Group news, insider Martin Higginson sold 31,396,932 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 3 ($0.04), for a total transaction of £941,907.96 ($1,188,827.41). 57.38% of the stock is owned by insiders.

About Huddled Group

Huddled Group Plc engages in the production of virtual reality (VR) experiences to partner sites on a revenue share basis. It offers solutions for edutainment, and leisure and entertainment industries, as well as sells virtual and augmented reality consumer products. The company is also involved in the design and development of software; and provision of in-home virtual reality equipment and experiences, as well as location-based entertainment services.