Team Internet Group (LON:TIG) Hits New 52-Week Low – What’s Next?

Team Internet Group plc (LON:TIG) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 82.10 ($1.04) and last traded at GBX 83.45 ($1.06), with a volume of 324341 shares trading hands. The stock had previously closed at GBX 84.60 ($1.07).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price objective on shares of Team Internet Group from GBX 205 ($2.59) to GBX 220 ($2.78) and gave the company a “buy” rating in a research report on Monday, August 12th.

Team Internet Group Stock Down 1.4 %

The company has a market capitalization of £208.75 million, a P/E ratio of 1,195.14 and a beta of 0.60. The company has a 50-day moving average of GBX 123.81 and a two-hundred day moving average of GBX 155.29.

Insiders Place Their Bets

In other Team Internet Group news, insider Max Royde purchased 6,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of GBX 121 ($1.53) per share, for a total transaction of £7,260 ($9,186.38). Over the last quarter, insiders have acquired 96,000 shares of company stock worth $9,138,000. 27.74% of the stock is currently owned by company 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.