Hostmore (LON:MORE) Trading Down 13.8%

Hostmore plc (LON:MORE) dropped 13.8% during trading on Wednesday . The stock traded as low as GBX 0.60 ($0.01) and last traded at GBX 0.75 ($0.01). Approximately 24,340,219 shares were traded during trading, an increase of 8,081% from the average daily volume of 297,524 shares. The stock had previously closed at GBX 0.87 ($0.01).

Hostmore Stock Performance

The company’s 50-day moving average is GBX 11.83 and its two-hundred day moving average is GBX 15.76. The company has a market capitalization of £605,424.00, a P/E ratio of -1.45 and a beta of 0.86. The company has a quick ratio of 0.41, a current ratio of 0.27 and a debt-to-equity ratio of 1,145.20.

Insiders Place Their Bets

In related news, insider Julie McEwan acquired 45,711 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was bought at an average cost of GBX 10 ($0.13) per share, with a total value of £4,571.10 ($5,977.64). Insiders purchased a total of 107,262 shares of company stock valued at $1,471,425 in the last quarter. Corporate insiders own 40.76% of the company’s stock.

Hostmore Company Profile

Hostmore plc operates in the hospitality business. It operates American-themed casual dining restaurants under the TGI Fridays brand; cocktail-led bar and restaurants under the 63rd+1st brand; and fast casual dining restaurants under the Fridays and Go brand. The company was incorporated in 2021 and is based in Edinburgh, the United Kingdom.