Trustpilot Group (LON:TRST) Trading 14.8% Higher – Here’s What Happened

Trustpilot Group plc (LON:TRST) was up 14.8% during mid-day trading on Tuesday . The stock traded as high as GBX 320.50 ($4.17) and last traded at GBX 317.50 ($4.13). Approximately 22,532,924 shares were traded during mid-day trading, an increase of 442% from the average daily volume of 4,156,732 shares. The stock had previously closed at GBX 276.50 ($3.60).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 420 ($5.46) price target on shares of Trustpilot Group in a report on Wednesday.

Trustpilot Group Stock Down 2.8 %

The firm’s fifty day simple moving average is GBX 313.41 and its 200-day simple moving average is GBX 278.43. The company has a quick ratio of 1.71, a current ratio of 1.31 and a debt-to-equity ratio of 41.16. The company has a market cap of £1.26 billion, a PE ratio of 79.89 and a beta of 1.02.

Insider Activity

In other news, insider Hanno Damm sold 39,902 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 303 ($3.94), for a total value of £120,903.06 ($157,282.50). Company insiders own 8.24% of the company’s stock.

About Trustpilot Group

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.