Time Out Group (LON:TMO) Shares Down 11.7% – Here’s What Happened

Time Out Group plc (LON:TMOGet Free Report)’s stock price dropped 11.7% on Wednesday . The stock traded as low as GBX 34 ($0.44) and last traded at GBX 34 ($0.44). Approximately 90,621 shares were traded during trading, an increase of 172% from the average daily volume of 33,309 shares. The stock had previously closed at GBX 38.50 ($0.50).

Time Out Group Trading Down 1.3 %

The business has a 50-day moving average price of GBX 45.35 and a 200-day moving average price of GBX 49.93. The company has a quick ratio of 0.38, a current ratio of 0.70 and a debt-to-equity ratio of 217.42. The firm has a market capitalization of £121.63 million, a P/E ratio of -23.89 and a beta of 1.09.

About Time Out Group

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Time Out Group is a global media and hospitality business that inspires and enables people to experience the best of the city through its two divisions – Time Out Media and Time Out Market. Time Out launched in London in 1968 to help people discover the exciting new urban cultures that had started up all over the city – today it is the only global brand dedicated to city life.

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