Zinc Media Group (LON:ZIN) Shares Down 4.3% – Here’s Why

Zinc Media Group plc (LON:ZIN)’s share price traded down 4.3% during trading on Tuesday . The company traded as low as GBX 44 and last traded at GBX 44. 6,644 shares traded hands during trading, a decline of 63% from the average session volume of 17,912 shares. The stock had previously closed at GBX 46.

Zinc Media Group Stock Down 4.3%

The company’s fifty day simple moving average is GBX 47.20 and its 200 day simple moving average is GBX 53.38. The company has a current ratio of 0.84, a quick ratio of 1.09 and a debt-to-equity ratio of 110.93. The firm has a market capitalization of £11.08 million, a P/E ratio of -6.03 and a beta of -0.05.

About Zinc Media Group

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. The Content Production segment is involved in film production, radio and podcast production and publishing. The company was formerly known as Ten Alps plc and changed its name to Zinc Media Group plc in November 2016.