Malvern International (LON:MLVN) Shares Down 21% – Here’s What Happened

Malvern International Plc (LON:MLVN) shares traded down 21% during mid-day trading on Wednesday. The stock traded as low as GBX 7 and last traded at GBX 8.10. Approximately 2,542,001 shares were traded during trading, an increase of 4,419% from the average daily volume of 56,249 shares. The stock had previously closed at GBX 10.25.

Malvern International Stock Performance

The business’s fifty day moving average is GBX 18.06 and its two-hundred day moving average is GBX 20.15. The stock has a market capitalization of £2.69 million, a PE ratio of 21.16 and a beta of 0.35. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of -61.87.

Insiders Place Their Bets

In other Malvern International news, insider Daniel Chaffer sold 34,146 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of GBX 2, for a total value of £682.92. Insiders own 2.57% of the company’s stock.

Malvern International Company Profile

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.