Journeo (LON:JNEO) Shares Down 0.9% – Here’s What Happened

Shares of Journeo plc (LON:JNEO) were down 0.9% on Wednesday . The stock traded as low as GBX 370.50 ($4.99) and last traded at GBX 371.50 ($5.00). Approximately 31,698 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 61,552 shares. The stock had previously closed at GBX 375 ($5.05).

Journeo Stock Down 0.9%

The company has a current ratio of 2.00, a quick ratio of 0.85 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of £62.93 million, a P/E ratio of 14.94 and a beta of 0.16. The company has a 50 day simple moving average of GBX 392.81 and a two-hundred day simple moving average of GBX 313.64.

Insiders Place Their Bets

In other Journeo news, insider Mark Westcombe Elliott purchased 20,306 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was acquired at an average cost of GBX 310 per share, for a total transaction of £62,948.60. 22.71% of the stock is owned by insiders.

About Journeo

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company is focused on creating innovative public transport and related infrastructure solutions, contributing to safer and smarter city initiatives as transport of all types becomes more intelligent and connected.

The Company works at many levels with government organisations, local/combined authorities and many of the largest multinational transport operators.