Huddled Group (LON:HUD) Trading 9.1% Higher – Here’s Why

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

Huddled Group Stock Up 9.1 %

The stock has a market capitalization of £11.53 million, a PE ratio of -360.00 and a beta of 2.30. The firm has a 50 day moving average price of GBX 3.10 and a 200-day moving average price of GBX 3.07.

Insiders Place Their Bets

In other news, insider Martin Higginson sold 31,396,932 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of GBX 3 ($0.04), for a total value of £941,907.96 ($1,188,827.41). 57.38% of the stock is currently 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.