Huddled Group (LON:HUD) Shares Down 8.2% – Here’s Why

Huddled Group Plc (LON:HUD)’s stock price fell 8.2% on Wednesday . The stock traded as low as GBX 3.03 ($0.04) and last traded at GBX 3.03 ($0.04). 1,318,565 shares were traded during mid-day trading, an increase of 91% from the average session volume of 690,447 shares. The stock had previously closed at GBX 3.30 ($0.04).

Huddled Group Price Performance

The firm has a market capitalization of £10.19 million, a price-to-earnings ratio of -318.00 and a beta of 2.30. The business’s 50 day moving average price is GBX 3.10 and its 200-day moving average price is GBX 3.08.

Insider Transactions at Huddled Group

In other news, insider Martin Higginson sold 31,396,932 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 3 ($0.04), for a total value of £941,907.96 ($1,158,986.05). Company insiders own 57.38% of the company’s stock.

Huddled Group Company Profile

We are dedicated to delivering exceptional value and efficiency in the ever-expanding realm of e-commerce.

Our mission is to launch and cultivate innovative, hyper-relevant businesses that not only meet the evolving needs of our customers but also maximise shareholder value.

Through strategic investments, continuous innovation, and a customer-centric approach; combined with a management team with a track-record of successfully launching, building and exiting businesses in the Technology, Media and Telecom sector we ensure that our businesses stay at the forefront of their respective industries, and not only meet the evolving needs of our customers but also maximise shareholder value.