Team Internet Group (LON:TIG) Sets New 1-Year Low – Time to Sell?

Team Internet Group plc (LON:TIG) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 82.10 ($1.04) and last traded at GBX 83.45 ($1.06), with a volume of 324341 shares. The stock had previously closed at GBX 84.60 ($1.07).

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on Team Internet Group from GBX 205 ($2.59) to GBX 220 ($2.78) and gave the company a “buy” rating in a research note on Monday, August 12th.

Team Internet Group Stock Performance

The firm’s fifty day moving average is GBX 123.81 and its two-hundred day moving average is GBX 155.29. The company has a market cap of £208.75 million, a P/E ratio of 1,195.14 and a beta of 0.60.

Insider Buying and Selling

In related news, insider Max Royde acquired 6,000 shares of Team Internet Group stock in a transaction on Friday, September 6th. The shares were bought at an average cost of GBX 121 ($1.53) per share, with a total value of £7,260 ($9,186.38). Over the last 90 days, insiders have acquired 96,000 shares of company stock worth $9,138,000. Insiders own 27.74% of the company’s stock.

Team Internet Group Company Profile

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.