Tandem Group (LON:TND) Shares Down 2.9% – Time to Sell?

Tandem Group plc (LON:TND)’s share price traded down 2.9% on Friday. The company traded as low as GBX 170 and last traded at GBX 170. Approximately 3,000 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 4,888 shares. The stock had previously closed at GBX 175.

Tandem Group Trading Down 2.9%

The company has a current ratio of 1.96, a quick ratio of 1.51 and a debt-to-equity ratio of 12.55. The business has a 50 day moving average price of GBX 179.75 and a 200-day moving average price of GBX 175.40. The company has a market cap of £9.38 million, a P/E ratio of 7.20, a PEG ratio of 0.03 and a beta of 0.83.

Tandem Group (LON:TND) last issued its earnings results on Friday, September 25th. The company reported GBX 1.30 earnings per share (EPS) for the quarter. Tandem Group had a net margin of 4.82% and a return on equity of 4.97%. Analysts forecast that Tandem Group plc will post 7.20 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Simon Bragg acquired 20,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were purchased at an average cost of GBX 170 per share, for a total transaction of £34,000. 36.41% of the stock is currently owned by company insiders.

About Tandem Group

Tandem Group plc is a designer, developer, distributor and retailer of sports, leisure and mobility products.