Team Internet Group (LON:TIG) Trading Down 12.5% – Time to Sell?

Team Internet Group plc (LON:TIG)’s share price dropped 12.5% during mid-day trading on Friday . The stock traded as low as GBX 102.40 ($1.26) and last traded at GBX 103.03 ($1.27). Approximately 5,981,030 shares were traded during mid-day trading, an increase of 236% from the average daily volume of 1,778,991 shares. The stock had previously closed at GBX 117.80 ($1.45).

Team Internet Group Stock Down 11.9 %

The stock has a market capitalization of £259.65 million, a P/E ratio of 1,482.86 and a beta of 0.60. The firm has a fifty day moving average price of GBX 94.64 and a two-hundred day moving average price of GBX 134.40.

Insider Buying and Selling

In related news, insider Marie Holive acquired 25,252 shares of Team Internet Group stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of GBX 79 ($0.97) per share, with a total value of £19,949.08 ($24,546.67). Also, insider Max Royde acquired 88,960 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of GBX 79 ($0.97) per share, for a total transaction of £70,278.40 ($86,475.21). In the last three months, insiders have purchased 287,112 shares of company stock valued at $23,329,748. 27.74% of the stock is owned by company insiders.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.