Pebble Beach Systems Group (LON:PEB) Shares Down 21.4% – Here’s What Happened

Pebble Beach Systems Group plc (LON:PEB) fell 21.4% during mid-day trading on Tuesday . The company traded as low as GBX 7.04 ($0.09) and last traded at GBX 7.66 ($0.09). 222,018 shares traded hands during trading, an increase of 176% from the average session volume of 80,350 shares. The stock had previously closed at GBX 9.75 ($0.12).

Pebble Beach Systems Group Price Performance

The company has a debt-to-equity ratio of 452.41, a current ratio of 0.60 and a quick ratio of 0.66. The business’s 50 day moving average price is GBX 10.07 and its 200 day moving average price is GBX 10.61. The stock has a market capitalization of £10.29 million, a P/E ratio of 827.00 and a beta of 0.71.

Insider Buying and Selling

In other news, insider Chris Errington acquired 5,500,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of GBX 10 ($0.12) per share, with a total value of £550,000 ($673,194.61). 44.72% of the stock is currently owned by corporate insiders.

Pebble Beach Systems Group Company Profile

Pebble Beach Systems Group plc designs and delivers automation, integrated channel, and virtualized playout solutions for the broadcast and streaming service markets worldwide. It also provides Automation Lite, a simpler software offering that allow control of up to six channels; Playout in a box, a compact playout solution; Pebble Remote, a solution that provides real-time access to the playout environment; Pebble Control, a solution that offers connection management of IP devices for TV stations, OB trucks, and production houses; and Orchestration solutions.