Immediate Acquisition (LON:IME) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Immediate Acquisition Plc (LON:IME)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 17.75 ($0.22) and traded as high as GBX 17.80 ($0.22). Immediate Acquisition shares last traded at GBX 17.75 ($0.22), with a volume of 379,658 shares changing hands.

Immediate Acquisition Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.78 and a debt-to-equity ratio of 1.98. The business’s 50 day simple moving average is GBX 17.75 and its two-hundred day simple moving average is GBX 17.75. The stock has a market capitalization of £6.67 million and a P/E ratio of -6.12.

About Immediate Acquisition

Immediate Acquisition Plc does not have significant operations. Previously, the company was engaged in the marketing and communication service business. The company was formerly known as Immedia Group Plc and changed its name to Immediate Acquisition Plc in May 2022. Immediate Acquisition Plc was founded in 2000 and is based in London, the United Kingdom.