Sabien Technology Group (LON:SNT) Trading Down 13.7% – Here’s Why

Shares of Sabien Technology Group Plc (LON:SNT) dropped 13.7% on Thursday . The company traded as low as GBX 11 ($0.14) and last traded at GBX 11 ($0.14). Approximately 140,323 shares changed hands during trading, an increase of 129% from the average daily volume of 61,283 shares. The stock had previously closed at GBX 12.75 ($0.16).

Sabien Technology Group Trading Down 13.7 %

The company has a debt-to-equity ratio of 40.44, a quick ratio of 1.54 and a current ratio of 0.56. The stock has a market cap of £2.60 million, a P/E ratio of -366.67 and a beta of 0.50. The company has a 50-day simple moving average of GBX 11.09 and a 200-day simple moving average of GBX 10.39.

Insider Activity at Sabien Technology Group

In other news, insider Richard Parris purchased 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of GBX 10 ($0.12) per share, for a total transaction of £20,000 ($24,721.88). 55.63% of the stock is currently owned by company insiders.

About Sabien Technology Group

Sabien Technology Group Plc, together with its subsidiaries, engages in the provision of energy reduction and cloud-connected carbon management technologies serving the commercial heating sector in the United Kingdom and internationally. It offers M2G intelligent boiler load control solution and cloud-connected carbon management service optimize boilers' energy use.