Pod Point Group (LON:PODP) Trading Down 1.9% – Here’s Why

Pod Point Group Holdings Plc (LON:PODP)’s stock price fell 1.9% during mid-day trading on Thursday . The company traded as low as GBX 6.30 and last traded at GBX 6.30. 71,308 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 565,171 shares. The stock had previously closed at GBX 6.42.

Pod Point Group Price Performance

The firm has a market capitalization of £9.59 million, a P/E ratio of -0.16 and a beta of 1.25. The company has a quick ratio of 2.97, a current ratio of 1.45 and a debt-to-equity ratio of 5.11. The stock has a fifty day moving average of GBX 6.30 and a 200-day moving average of GBX 6.19.

Pod Point Group Company Profile

Pod Point was founded in 2009. Driven by a belief that driving shouldn’t cost the earth, Pod Point is building the infrastructure needed to enable the mass adoption of electric vehicles and to make living with an EV easy and affordable for everyone. As at 30 October 2023 the company has shipped more than 222k charge points on its network in the UK and is an official charge point supplier for major car brands.

Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions.