Getech Group (LON:GTC) Stock Price Down 13.5% – Here’s What Happened

Shares of Getech Group plc (LON:GTC) traded down 13.5% during trading on Friday . The company traded as low as GBX 1.90 ($0.02) and last traded at GBX 1.90 ($0.02). Approximately 381,969 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 397,484 shares. The stock had previously closed at GBX 2.20 ($0.03).

Getech Group Stock Down 9.1 %

The business’s 50-day moving average is GBX 2.22 and its two-hundred day moving average is GBX 3.36. The firm has a market capitalization of £3.05 million, a price-to-earnings ratio of -40.00 and a beta of 0.88. The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.50 and a current ratio of 0.83.

Insiders Place Their Bets

In other news, insider Christopher Paul Jepps sold 850,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 220 ($2.78), for a total transaction of £1,870,000 ($2,360,217.09). Company insiders own 19.71% of the company’s stock.

About Getech Group

Getech Group plc, together with its subsidiaries, provides government advisory, geoscience, and geospatial services. It operates in three segments: Products, Services, and Asset development. The company offers ArcGIS for renewables platform for use in wind and solar projects to operate authoritative information, streamline operations, and transform data; and ArcGIS pipeline referencing to manage pipeline data, and track the status and health of pipeline assets.