Petards Group (LON:PEG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Petards Group plc (LON:PEG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 8.19 ($0.11) and traded as low as GBX 7.55 ($0.10). Petards Group shares last traded at GBX 7.55 ($0.10), with a volume of 100,000 shares changing hands.

Petards Group Price Performance

The company has a market cap of £4.65 million, a price-to-earnings ratio of -2.60 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 1.35 and a debt-to-equity ratio of 27.67. The business has a 50-day moving average price of GBX 7.64 and a 200 day moving average price of GBX 8.19.

Insider Activity

In other news, insider John Wakefield acquired 78,000 shares of the stock in a transaction on Thursday, February 6th. The shares were purchased at an average cost of GBX 8 ($0.10) per share, for a total transaction of £6,240 ($8,056.81). 53.70% of the stock is currently owned by company insiders.

About Petards Group

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.