Iconic Labs (LON:ICON) Stock Price Down 20.5% – Time to Sell?

Iconic Labs Plc (LON:ICON) fell 20.5% during trading on Friday . The stock traded as low as GBX 1.55 and last traded at GBX 1.55. 89,000 shares traded hands during trading, an increase of 12% from the average session volume of 79,488 shares. The stock had previously closed at GBX 1.95.

Iconic Labs Price Performance

The business’s 50 day moving average is GBX 1.92 and its two-hundred day moving average is GBX 2.23. The firm has a market capitalization of £234,887.00, a PE ratio of -0.26 and a beta of 1.07.

About Iconic Labs

Iconic Labs Plc, a media and technology business company, focuses on the identification and acquisition of companies in the online media, artificial intelligence, and big data gathering, processing, and analysis sectors. The company was formerly known as WideCells Group PLC and changed its name to Iconic Labs Plc in July 2019. Iconic Labs Plc was founded in 2012 and is based in London, the United Kingdom.