Celebrus Technologies (LON:CLBS) Stock Price Down 0.6% – What’s Next?

Celebrus Technologies plc (LON:CLBS)’s share price dropped 0.6% during trading on Tuesday . The company traded as low as GBX 265.80 ($3.33) and last traded at GBX 265.80 ($3.33). Approximately 11,102 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 90,560 shares. The stock had previously closed at GBX 267.50 ($3.35).

Analysts Set New Price Targets

CLBS has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on Celebrus Technologies from GBX 330 ($4.13) to GBX 475 ($5.94) and gave the company a “buy” rating in a report on Wednesday, December 4th. Canaccord Genuity Group boosted their target price on shares of Celebrus Technologies from GBX 330 ($4.13) to GBX 475 ($5.94) and gave the stock a “buy” rating in a research note on Wednesday, December 4th.

Celebrus Technologies Price Performance

The company has a market capitalization of £107.86 million, a P/E ratio of 2,734.90 and a beta of 1.34. The business’s 50-day moving average price is GBX 288.58 and its two-hundred day moving average price is GBX 265.43.

Celebrus Technologies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be issued a dividend of GBX 0.95 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 0.31%. Celebrus Technologies’s dividend payout ratio is presently 3,000.00%.

Insider Buying and Selling at Celebrus Technologies

In other news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of GBX 275 ($3.44), for a total transaction of £94,553.25 ($118,309.87). Insiders own 15.45% of the company’s stock.

About Celebrus Technologies

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels.