Abbey (LON:ABBY) Trading Up 9,900% – Should You Buy?

Abbey plc (LON:ABBYGet Free Report) rose 9,900% during mid-day trading on Thursday . The company traded as high as GBX 1,600 ($20.19) and last traded at GBX 1,600 ($20.19). Approximately 83,347 shares traded hands during mid-day trading, an increase of 1,902% from the average daily volume of 4,163 shares. The stock had previously closed at GBX 16 ($0.20).

Abbey Stock Performance

The company has a quick ratio of 2.38, a current ratio of 7.22 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of GBX 1,600 and a 200 day moving average price of GBX 1,600. The firm has a market capitalization of £334.03 million and a PE ratio of 12.79.

About Abbey

(Get Free Report)

Abbey plc, together with its subsidiaries, engages in the building and property development, plant hire, and property rental activities in the Republic of Ireland, the United Kingdom, and the Czech Republic. The company is involved in the residential housing and land development activities. It also engages in the hire, rental, sale, and maintenance of construction plant, vehicles, tools, and portable buildings.

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