Napster Group (LON:MVR) Shares Down 1.6% – Here’s What Happened

Napster Group PLC (LON:MVR)’s stock price fell 1.6% on Friday . The company traded as low as GBX 3 ($0.04) and last traded at GBX 3.05 ($0.04). 6,387,128 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 8,275,872 shares. The stock had previously closed at GBX 3.10 ($0.04).

Napster Group Stock Performance

The firm has a market cap of £76.53 million and a PE ratio of -2.54. The company has a 50 day simple moving average of GBX 3.05 and a 200-day simple moving average of GBX 3.05. The company has a debt-to-equity ratio of 5.16, a current ratio of 2.66 and a quick ratio of 2.57.

About Napster Group

MelodyVR Group PLC develops a music platform that allows users to experience music performances in virtual reality primarily in the United Kingdom. The company delivers virtual reality music experiences and original content to music fans via the MelodyVR music platform, a free-to-download app currently available on iOs and Android smartphones and virtual reality devices; and live-streaming performances in virtual reality.