Team Internet Group (LON:TIG) Sets New 52-Week Low – Should You Sell?

Team Internet Group plc (LON:TIG) reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 86.10 ($1.11) and last traded at GBX 87.50 ($1.13), with a volume of 5215898 shares changing hands. The stock had previously closed at GBX 119.20 ($1.53).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price objective on shares of Team Internet Group from GBX 205 ($2.64) to GBX 220 ($2.83) and gave the company a “buy” rating in a report on Monday, August 12th.

Team Internet Group Stock Down 5.5 %

The firm has a market cap of £206.87 million, a price-to-earnings ratio of 1,181.43 and a beta of 0.60. The stock has a 50 day moving average of GBX 128.68 and a 200 day moving average of GBX 157.10.

Team Internet Group Cuts Dividend

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

Insider Activity

In related news, insider Max Royde bought 8,000 shares of Team Internet Group stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of GBX 140 ($1.80) per share, with a total value of £11,200 ($14,412.56). Insiders acquired a total of 21,000 shares of company stock valued at $2,763,000 in the last ninety days. 27.74% of the stock is currently owned by insiders.

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.