Team Internet Group (LON:TIG) Sets New 12-Month Low – Here’s What Happened

11 Nov 2024, 21:28 by Tristan Rich · The Markets Daily

Team Internet Group plc (LON:TIG – Get Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 86.10 ($1.12) and last traded at GBX 87.50 ($1.14), with a volume of 5215898 shares trading hands. The stock had previously closed at GBX 119.20 ($1.55).

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price target on Team Internet Group from GBX 205 ($2.67) to GBX 220 ($2.86) and gave the stock a “buy” rating in a research report on Monday, August 12th.

View Our Latest Analysis on Team Internet Group

Team Internet Group Price Performance

The company has a market cap of £218.87 million, a price-to-earnings ratio of 1,250.00 and a beta of 0.60. The firm has a fifty day simple moving average of GBX 131.54 and a 200 day simple moving average of GBX 158.46.

Team Internet Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, August 29th were paid a GBX 1 ($0.01) dividend. The ex-dividend date was Thursday, August 29th. This represents a yield of 0.69%. Team Internet Group’s payout ratio is presently 2,857.14%.

Insider Buying and Selling

In other Team Internet Group news, insider Max Royde purchased 6,000 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of GBX 121 ($1.58) per share, with a total value of £7,260 ($9,450.66). Insiders have bought 21,000 shares of company stock worth $2,763,000 in the last quarter. 27.74% of the stock is currently owned by company insiders.

Team Internet Group Company Profile

(Get Free Report)