IDE Group (LON:IDE) Trading Down 3.5%

IDE Group Holdings plc (LON:IDE) fell 3.5% during trading on Friday . The stock traded as low as GBX 1.21 ($0.02) and last traded at GBX 1.21 ($0.02). 250,000 shares were traded during mid-day trading, an increase of 21% from the average session volume of 207,079 shares. The stock had previously closed at GBX 1.25 ($0.02).

The firm has a fifty day moving average of GBX 1.23 and a 200 day moving average of GBX 1.08. The company has a market capitalization of £5.99 million and a P/E ratio of -0.30. The company has a current ratio of 0.72, a quick ratio of 0.46 and a debt-to-equity ratio of 286.67.

About IDE Group (LON:IDE)

IDE Group Holdings plc, through its subsidiaries, provides network, hosting, and managed services to public and private companies in the United Kingdom. Its cloud and hosting services include co-location, private and public, hybrid cloud, and cloud migration; network and connectivity service includes cloud connectivity, multiprotocol label switching, local and wide area network, and wireless services; collaboration services comprise hosted telephony, contact center, and unified communication; network and connectivity services, including MPLS network, cloud connectivity, LAN/WAN, and wireless services; managed services include remote monitoring, systems management, onsite support, field, and professional services; and device management services comprise procurement, build and configure, deploy, manage, refresh and upgrade, redeploy, and retire.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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