Webis (LON:WEB) Shares Down 20.8% – Here’s Why

Webis Holdings plc (LON:WEB)’s share price fell 20.8% during mid-day trading on Tuesday . The stock traded as low as GBX 0.48 ($0.01) and last traded at GBX 0.48 ($0.01). 400,000 shares traded hands during trading, an increase of 27% from the average session volume of 315,149 shares. The stock had previously closed at GBX 0.60 ($0.01).

Webis Stock Performance

The stock has a market cap of £1.67 million, a P/E ratio of 14.13 and a beta of 0.68. The company has a debt-to-equity ratio of 7,278.12, a current ratio of 1.31 and a quick ratio of 1.13. The firm’s 50-day moving average price is GBX 0.65 and its 200-day moving average price is GBX 0.98.

Webis Company Profile

Webis Holdings plc, through its subsidiaries, provides pari-mutuel wagering services in the United States of America and Isle of Man. It operates through two segments: Racetrack and ADW Operations. The company offers deposit wagering services by passing wagers directly into global racetrack betting pools in real time; pari-mutuel wagering or pool-betting services through a range of distribution channels; business-to-business wagering product; and business trading product, as well as operates a telephone call center.