LoopUp Group (LON:LOOP) Stock Price Up 27.3% – Here’s What Happened

LoopUp Group plc (LON:LOOPGet Free Report) shares shot up 27.3% during trading on Thursday . The company traded as high as GBX 0.80 ($0.01) and last traded at GBX 0.70 ($0.01). 1,336,858 shares changed hands during trading, a decline of 13% from the average session volume of 1,533,630 shares. The stock had previously closed at GBX 0.55 ($0.01).

LoopUp Group Stock Up 27.3 %

The business’s 50-day moving average is GBX 0.70 and its 200-day moving average is GBX 0.69. The company has a market capitalization of £1.43 million, a price-to-earnings ratio of -5.83 and a beta of -0.04. The company has a quick ratio of 0.80, a current ratio of 0.64 and a debt-to-equity ratio of 24.47.

LoopUp Group Company Profile

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LoopUp Group plc provides cloud communications platform for business-critical external and specialist communications in the United Kingdom, the European Union, North America, and internationally. The company offers cloud telephony services, including fully managed direct routing solution for Microsoft Teams calling; conferencing solutions for remote meetings; and managed events calls services.

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