Team Internet Group (LON:TIG) Stock Price Down 12.5% – Should You Sell?

Shares of Team Internet Group plc (LON:TIG) fell 12.5% during trading on Friday . The stock traded as low as GBX 102.40 ($1.26) and last traded at GBX 103.03 ($1.27). 5,981,030 shares traded hands during trading, an increase of 236% from the average session volume of 1,778,991 shares. The stock had previously closed at GBX 117.80 ($1.45).

Team Internet Group Stock Performance

The firm’s 50 day moving average price is GBX 94.64 and its two-hundred day moving average price is GBX 134.40. The company has a market cap of £259.65 million, a P/E ratio of 1,482.86 and a beta of 0.60.

Insider Activity at Team Internet Group

In other news, insider Max Royde acquired 75,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was purchased at an average price of GBX 85 ($1.05) per share, for a total transaction of £63,750 ($78,442.23). Also, insider Marie Holive bought 25,252 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of GBX 79 ($0.97) per share, for a total transaction of £19,949.08 ($24,546.67). Insiders bought 287,112 shares of company stock valued at $23,329,748 in the last three months. Corporate insiders own 27.74% of the company’s stock.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.