Team Internet Group (LON:TIG) Stock Price Crosses Below 200-Day Moving Average of $160.40

Team Internet Group plc (LON:TIG - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 160.40 ($2.12) and traded as low as GBX 139 ($1.83). Team Internet Group shares last traded at GBX 141.21 ($1.86), with a volume of 285,747 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their target price on shares of Team Internet Group from GBX 205 ($2.70) to GBX 220 ($2.90) and gave the company a "buy" rating in a research report on Monday, August 12th.

Team Internet Group Trading Down 1.3 %

The firm's 50-day moving average price is GBX 176.49 and its 200 day moving average price is GBX 160.44. The company has a market capitalization of £348.19 million, a price-to-earnings ratio of 1,988.57 and a beta of 0.66.

Team Internet Group Cuts Dividend

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

Insider Activity

In related news, insider Max Royde purchased 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of GBX 140 ($1.85) per share, with a total value of £11,200 ($14,769.88). Corporate insiders own 28.88% 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.