Malvern International (LON:MLVN) Shares Down 2.3% – Here’s Why

Malvern International Plc (LON:MLVN)’s share price dropped 2.3% during trading on Friday . The company traded as low as GBX 21 ($0.27) and last traded at GBX 21.50 ($0.27). Approximately 164,622 shares traded hands during mid-day trading, an increase of 297% from the average daily volume of 41,481 shares. The stock had previously closed at GBX 22 ($0.28).

Malvern International Stock Down 2.3 %

The company has a 50-day moving average of GBX 19.18 and a two-hundred day moving average of GBX 19.50. The company has a debt-to-equity ratio of 70.89, a current ratio of 0.66 and a quick ratio of 0.50. The company has a market capitalization of £5.25 million, a PE ratio of -2,150.00 and a beta of 0.64.

Insider Transactions at Malvern International

In other news, insider Mark Westcombe Elliott bought 230,200 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of GBX 17 ($0.21) per share, with a total value of £39,134 ($49,392.91). Also, insider Richard Christopher Mace purchased 241,953 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average cost of GBX 17 ($0.21) per share, for a total transaction of £41,132.01 ($51,914.69). Corporate insiders own 51.08% of the company’s stock.

About Malvern International

Malvern International Plc provides educational services in the United Kingdom. The company operates Malvern House London; Malvern House Brighton; Communicate School in Manchester; Language in Action; and International Study Centres. It also offers English language schools, juniors and summer camps programmes; business and management, accounting and finance, humanities and social sciences, and engineering and science; in-sessional and pre-sessional English programs; and international foundation year and programme, international year one, and international graduate diploma.