Bay Capital (LON:BAY) Trading Down 3.6% – Time to Sell?

Shares of Bay Capital Plc (LON:BAY) dropped 3.6% on Tuesday . The stock traded as low as GBX 5.30 and last traded at GBX 5.30. Approximately 20,000 shares were traded during trading, a decline of 91% from the average daily volume of 233,024 shares. The stock had previously closed at GBX 5.50.

Bay Capital Price Performance

The business’s fifty day moving average is GBX 4.98 and its 200-day moving average is GBX 4.90. The stock has a market capitalization of £4.20 million, a PE ratio of -10.17 and a beta of -0.64.

Insiders Place Their Bets

In other news, insider David Jeffreys Williams bought 1,694,916 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The shares were acquired at an average cost of GBX 6 per share, with a total value of £101,694.96. Also, insider Peter W. G. Tom sold 15,000,000 shares of Bay Capital stock in a transaction on Friday, November 28th. The shares were sold at an average price of GBX 6, for a total value of £900,000. 22.78% of the stock is owned by company insiders.

About Bay Capital

Bay Capital Plc (LSE: BAY) was established in order to undertake one or more investment or acquisition opportunities of businesses operating within the UK or internationally where the Directors believe there to be opportunities for the creation of shareholder value across certain sectors of focus including industrials, construction and business services, and software and technology companies which service those industry verticals.

Bay Capital Plc is led by Peter Tom CBE as Chairman and David Williams as Director.