STV Group (LON:STVG) Trading 11.4% Higher – Here’s What Happened

Shares of STV Group plc (LON:STVG) shot up 11.4% on Tuesday . The stock traded as high as GBX 106.50 and last traded at GBX 106.50. 274,270 shares changed hands during trading, an increase of 214% from the average daily volume of 87,283 shares. The stock had previously closed at GBX 95.60.

STV Group Stock Up 11.4%

The business has a 50-day moving average price of GBX 101.20 and a 200-day moving average price of GBX 106.43. The stock has a market cap of £48.75 million, a PE ratio of -9.86 and a beta of 0.15. The company has a current ratio of 1.50, a quick ratio of 1.08 and a debt-to-equity ratio of -890.59.

STV Group Company Profile

STV’s exciting vision is to become Scotland’s leading platform for audiences and advertisers and a global content powerhouse.

On-air, STV reaches more than two in three Scottish adults every month through its TV channel and streaming service, STV Player. It will soon expand its audience even further by launching an audio division and a major new Scotland-focused commercial radio station.

STV Studios is a portfolio of 20+ production labels based across the UK’s nations and regions, creating world-class entertainment for UK and international networks and streamers including Apple TV+ drama Criminal Record, global phenomenon LEGO Masters, antiques favourite, The Travelling Auctioneers for BBC and reality juggernaut The Fortune Hotel for ITV.