Baltic Classifieds Group (LON:BCG) Shares Down 5.7% – Time to Sell?

Baltic Classifieds Group PLC (LON:BCG) fell 5.7% during mid-day trading on Tuesday . The company traded as low as GBX 313.50 ($3.91) and last traded at GBX 314.50 ($3.92). 508,510 shares traded hands during trading, an increase of 13% from the average session volume of 450,721 shares. The stock had previously closed at GBX 333.50 ($4.16).

Baltic Classifieds Group Trading Down 5.7 %

The stock has a market cap of £1.51 billion, a PE ratio of 6,290.00, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company’s 50-day moving average price is GBX 327.19 and its 200 day moving average price is GBX 296.26. The company has a debt-to-equity ratio of 15.05, a quick ratio of 2.36 and a current ratio of 2.20.

Baltic Classifieds Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, December 12th will be given a €0.01 ($0.01) dividend. The ex-dividend date is Thursday, December 12th. This represents a yield of 0.29%. Baltic Classifieds Group’s dividend payout ratio is currently 6,000.00%.

Insider Activity

In other news, insider Justinas Šimkus sold 1,720,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of GBX 329 ($4.10), for a total value of £5,658,800 ($7,059,381.24). Insiders have sold a total of 3,395,637 shares of company stock valued at $1,102,909,477 in the last quarter. Insiders own 8.91% of the company’s stock.

Baltic Classifieds Group Company Profile

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG’s online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.