STV Group (LON:STVG) Shares Down 2.4% – Here’s What Happened

STV Group plc (LON:STVG) traded down 2.4% during mid-day trading on Tuesday. The stock traded as low as GBX 99 and last traded at GBX 100.50. 77,161 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 121,087 shares. The stock had previously closed at GBX 103.

STV Group Stock Down 4.0%

The firm’s 50-day simple moving average is GBX 101.26 and its 200-day simple moving average is GBX 104.56. The company has a debt-to-equity ratio of -261.79, a quick ratio of 1.08 and a current ratio of 1.25. The company has a market capitalization of £44.40 million, a price-to-earnings ratio of -1.72 and a beta of 0.15.

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.