Pod Point Group (LON:PODP) Shares Up 17.3% – Here’s Why

Shares of Pod Point Group Holdings Plc (LON:PODP) shot up 17.3% during trading on Wednesday . The company traded as high as GBX 11.37 ($0.14) and last traded at GBX 11.37 ($0.14). 193,289 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 885,806 shares. The stock had previously closed at GBX 9.70 ($0.12).

Pod Point Group Stock Performance

The company has a quick ratio of 2.97, a current ratio of 1.45 and a debt-to-equity ratio of 6.20. The company has a market cap of £16.71 million, a PE ratio of -24.35 and a beta of 1.25. The business’s fifty day moving average is GBX 13.25 and its 200-day moving average is GBX 15.75.

Insider Buying and Selling at Pod Point Group

In other news, insider Melanie Lane acquired 400,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of GBX 13 ($0.16) per share, for a total transaction of £52,000 ($64,580.23). Insiders own 57.59% of the company’s stock.

Pod Point Group Company Profile

Pod Point was founded in 2009. Driven by a belief that driving shouldn’t cost the earth, Pod Point is building the infrastructure needed to enable the mass adoption of electric vehicles and to make living with an EV easy and affordable for everyone. As at 30 October 2023 the company has shipped more than 222k charge points on its network in the UK and is an official charge point supplier for major car brands.

Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions.