Zinc Media Group (LON:ZIN) Trading Down 0.8% – Here’s Why

Posted by Chris Copeland on Oct 11th, 2024

Zinc Media Group plc (LON:ZIN – Get Free Report) shares dropped 0.8% on Wednesday . The stock traded as low as GBX 63.50 ($0.83) and last traded at GBX 65.50 ($0.86). Approximately 54,002 shares traded hands during trading, an increase of 377% from the average daily volume of 11,326 shares. The stock had previously closed at GBX 66 ($0.86).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “not rated” rating on shares of Zinc Media Group in a research note on Tuesday, September 17th.

View Our Latest Analysis on ZIN

Zinc Media Group Price Performance

The company has a current ratio of 0.96, a quick ratio of 1.09 and a debt-to-equity ratio of 66.93. The business’s 50 day moving average price is GBX 67.67 and its two-hundred day moving average price is GBX 74.89. The stock has a market cap of £14.93 million, a P/E ratio of -467.86 and a beta of -0.05.

Insiders Place Their Bets

In other news, insider Mark Browning purchased 20,825 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of GBX 72 ($0.94) per share, for a total transaction of £14,994 ($19,623.09). Company insiders own 18.69% of the company’s stock.

Zinc Media Group Company Profile

(Get Free Report)

Zinc Media Group plc, together with its subsidiaries, produces television and cross-platform content in the United Kingdom and internationally. It operates in two segments, Television and Content Production. The Television segment engages in the production of television content under the Blakeway, Brook Lapping, Films of Record, Red Sauce, Supercollider, REX, and Tern names.