MediaZest (LON:MDZ) Trading Down 11.1% – Here’s What Happened

Shares of MediaZest plc (LON:MDZ) dropped 11.1% on Tuesday . The company traded as low as GBX 0.08 and last traded at GBX 0.08. Approximately 6,549,130 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 7,233,123 shares. The stock had previously closed at GBX 0.09.

MediaZest Trading Up 6.7%

The company’s fifty day simple moving average is GBX 0.09 and its two-hundred day simple moving average is GBX 0.08. The company has a quick ratio of 0.28, a current ratio of 0.23 and a debt-to-equity ratio of 229.88. The company has a market capitalization of £1.63 million, a price-to-earnings ratio of -96.00 and a beta of 0.89.

Insiders Place Their Bets

In other MediaZest news, insider James Abdool purchased 5,882,353 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were purchased at an average cost of GBX 1 per share, with a total value of £58,823.53. Company insiders own 0.19% of the company’s stock.

About MediaZest

MediaZest is a creative audio-visual solutions provider that specialises in delivering innovative digital signage and audio systems to leading retailers, brand owners and corporations. The Group offers an integrated service from content creation and system design to installation, technical support, and maintenance. MediaZest was admitted to the London Stock Exchange’s AIM in February 2005.