XLMedia (XLM) Shares Down 15%
Shares of XLMedia PLC (LON:XLM) were down 15% during trading on Monday . The stock traded as low as GBX 85 ($1.10) and last traded at GBX 85 ($1.10). Approximately 1,831,424 shares traded hands during mid-day trading, an increase of 87% from the average daily volume of 980,241 shares. The stock had previously closed at GBX 100 ($1.29).
Separately, Berenberg Bank lifted their price target on XLMedia from GBX 220 ($2.84) to GBX 225 ($2.90) and gave the stock a “buy” rating in a research note on Wednesday, July 25th.
The company has a market capitalization of $399.72 million and a PE ratio of 1,445.45.
XLMedia PLC is the United Kingdom-based online performance marketing company. The Company focuses on paying users from multiple online and mobile channels and directs them to online businesses who, in turn, convert such traffic into paying customers. The Company’s segments include Publishing, Media and Partners Network.
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