Insider Buying: Northbridge Industrial Services plc (LON:NBI) Insider Acquires 40,000 Shares of Stock

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Northbridge Industrial Services plc (LON:NBI) insider Stephen Yapp purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, April 19th. The shares were purchased at an average cost of GBX 114 ($1.49) per share, with a total value of £45,600 ($59,576.69).

LON NBI opened at GBX 112 ($1.46) on Wednesday. The stock has a market capitalization of £31.25 million and a P/E ratio of -4.16. Northbridge Industrial Services plc has a 52-week low of GBX 65 ($0.85) and a 52-week high of GBX 119.92 ($1.57). The firm has a 50-day moving average price of GBX 100.55 and a 200 day moving average price of GBX 90.51. The company has a quick ratio of 1.16, a current ratio of 1.56 and a debt-to-equity ratio of 40.31.

Separately, Shore Capital reissued a “house stock” rating on shares of Northbridge Industrial Services in a report on Tuesday, April 13th.

About Northbridge Industrial Services

Northbridge Industrial Services plc, together with its subsidiaries, engages in the manufacture, hiring, and sale of specialist industrial equipment worldwide. The company operates in two segments, Crestchic Loadbanks and Transformers, and Tasman Oil Tools. It offers loadbank equipment that are primarily used for the commissioning and maintenance of independent power sources, such as diesel generators and gas turbines; and transformers.

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