Team Internet Group (LON:TIG) Shares Down 12.5% - Here's Why

Team Internet Group plc (LON:TIG - Get Free Report)'s share price traded down 12.5% during mid-day trading on Friday . The stock traded as low as GBX 102.40 ($1.25) and last traded at GBX 103.03 ($1.26). 5,981,030 shares were traded during trading, an increase of 236% from the average session volume of 1,778,991 shares. The stock had previously closed at GBX 117.80 ($1.44).

Team Internet Group Stock Performance

The firm has a market capitalization of £258.64 million, a price-to-earnings ratio of 1,477.14 and a beta of 0.60. The business's 50-day moving average is GBX 94.64 and its two-hundred day moving average is GBX 134.40.

Insider Transactions at Team Internet Group

In other news, insider Max Royde purchased 75,000 shares of the business's stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of GBX 85 ($1.04) per share, for a total transaction of £63,750 ($77,838.83). Also, insider Marie Holive acquired 25,252 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of GBX 79 ($0.96) per share, for a total transaction of £19,949.08 ($24,357.85). Insiders have bought a total of 287,112 shares of company stock valued at $23,329,748 over the last three months. 27.74% of the stock is currently owned by corporate insiders.

About Team Internet Group

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.