B90 (LON:B90) Stock Price Down 5% – Here’s Why

B90 Holdings PLC (LON:B90)’s stock price dropped 5% during trading on Monday. The stock traded as low as GBX 3.80 and last traded at GBX 3.80. Approximately 125,508 shares traded hands during trading, a decline of 54% from the average daily volume of 273,910 shares. The stock had previously closed at GBX 4.

B90 Stock Performance

The stock has a fifty day simple moving average of GBX 3.96 and a two-hundred day simple moving average of GBX 3.10. The stock has a market cap of £16.75 million, a PE ratio of 42.22 and a beta of 0.67.

Insider Activity at B90

In other news, insider Ronny Breivik acquired 258,448 shares of the company’s stock in a transaction that occurred on Thursday, September 24th. The shares were acquired at an average price of GBX 4 per share, with a total value of £10,337.92. Also, insider Andrew Ross McIver purchased 244,200 shares of the stock in a transaction dated Friday, September 25th. The shares were acquired at an average cost of GBX 4 per share, for a total transaction of £9,768. 20.78% of the stock is currently owned by corporate insiders.

About B90

B90 Holdings PLC, together with its subsidiaries, engages in the operation of online sportsbook and casino products through Bet90.com and spinbookie.com in the British Virgin Islands and Malta. It also engages in generating marketing leads and marketing contracts for the activities of partners in sports betting and casinos games under Oddsen.nu and Tippen4you.com. brand names. The company was formerly known as Veltyco Group PLC and changed its name to B90 Holdings PLC in February 2020. B90 Holdings PLC was incorporated in 2012 and is based in Douglas, the Isle of Man.