Petrofac (LON:PFC) Stock Price Down 28.6%

Petrofac Limited (LON:PFC) traded down 28.6% during trading on Wednesday . The company traded as low as GBX 8.28 ($0.10) and last traded at GBX 10.50 ($0.13). 59,652,301 shares changed hands during trading, an increase of 719% from the average session volume of 7,284,929 shares. The stock had previously closed at GBX 14.70 ($0.18).

Petrofac Stock Performance

The stock’s 50 day moving average price is GBX 24.12 and its 200 day moving average price is GBX 30.56. The company has a current ratio of 0.88, a quick ratio of 1.31 and a debt-to-equity ratio of 900.89. The company has a market cap of £54.82 million, a price-to-earnings ratio of -13.29, a P/E/G ratio of -6.27 and a beta of 0.82.

Insider Activity

In related news, insider Sara Akbar acquired 18,955 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was bought at an average price of GBX 26 ($0.33) per share, with a total value of £4,928.30 ($6,190.55). Corporate insiders own 16.56% of the company’s stock.

About Petrofac

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).