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Celebrus Technologies (LON:CLBS) Trading Down 0.6% - Here's What Happened

Celebrus Technologies logo with Computer and Technology background

Celebrus Technologies plc (LON:CLBS - Get Free Report) shares fell 0.6% during mid-day trading on Tuesday . The stock traded as low as GBX 265.80 ($3.33) and last traded at GBX 265.80 ($3.33). 11,102 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 90,560 shares. The stock had previously closed at GBX 267.50 ($3.35).

Analyst Upgrades and Downgrades

Several brokerages have commented on CLBS. Canaccord Genuity Group raised their target price on shares of Celebrus Technologies from GBX 330 ($4.13) to GBX 475 ($5.94) and gave the stock a "buy" rating in a report on Wednesday, December 4th. Canaccord Genuity Group upped their target price on shares of Celebrus Technologies from GBX 330 ($4.13) to GBX 475 ($5.94) and gave the stock a "buy" rating in a research note on Wednesday, December 4th.

Read Our Latest Research Report on Celebrus Technologies

Celebrus Technologies Trading Down 0.6 %

The firm's 50 day simple moving average is GBX 288.58 and its two-hundred day simple moving average is GBX 265.43. The firm has a market cap of £104.83 million, a price-to-earnings ratio of 2,658.00 and a beta of 1.34.

Celebrus Technologies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 12th will be given a GBX 0.95 ($0.01) dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 0.31%. Celebrus Technologies's payout ratio is 3,000.00%.

Insider Buying and Selling

In other news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of GBX 275 ($3.44), for a total transaction of £94,553.25 ($118,309.87). 15.45% of the stock is currently owned by company insiders.

About Celebrus Technologies

(Get Free Report)

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.

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