Zinc Media Group (LON:ZIN) Stock Price Down 1.2% – Here’s Why

Zinc Media Group plc (LON:ZIN) dropped 1.2% during mid-day trading on Thursday . The stock traded as low as GBX 55 and last traded at GBX 55.82. Approximately 7,455 shares changed hands during trading, a decline of 85% from the average daily volume of 49,157 shares. The stock had previously closed at GBX 56.50.

Zinc Media Group Price Performance

The firm’s 50-day moving average price is GBX 45.64 and its 200-day moving average price is GBX 46.02. The company has a current ratio of 0.78, a quick ratio of 1.09 and a debt-to-equity ratio of 343.77. The stock has a market capitalization of £16.03 million, a PE ratio of -5.31 and a beta of -0.05.

Zinc Media Group (LON:ZIN) last announced its earnings results on Thursday, April 16th. The company reported GBX (10.36) earnings per share (EPS) for the quarter. The business had revenue of GBX 4,146 million for the quarter. Zinc Media Group had a negative net margin of 6.17% and a negative return on equity of 114.84%. On average, equities analysts forecast that Zinc Media Group plc will post 4.7099998 EPS for the current fiscal year.

About Zinc Media Group

Zinc Media Group plc, together with its subsidiaries, produces television and cross-platform content in the United Kingdom and internationally. It operates in two segments, Television and Content Production. The Television segment engages in the production of television content under the Blakeway, Brook Lapping, Films of Record, Red Sauce, Supercollider, REX, and Tern names. The Content Production segment is involved in film production, radio and podcast production and publishing. The company was formerly known as Ten Alps plc and changed its name to Zinc Media Group plc in November 2016.