Triad Group (LON:TRD) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Shares of Triad Group plc (LON:TRD) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 388.09 and traded as low as GBX 381. Triad Group shares last traded at GBX 381, with a volume of 1,038 shares trading hands.

Triad Group Stock Performance

The firm has a market capitalization of £66.48 million, a P/E ratio of 38.56 and a beta of 0.90. The company has a current ratio of 2.57, a quick ratio of 3.17 and a debt-to-equity ratio of 7.10. The business’s 50 day simple moving average is GBX 388.09 and its two-hundred day simple moving average is GBX 327.20.

Triad Group (LON:TRD) last issued its earnings results on Monday, June 22nd. The company reported GBX 9.92 earnings per share (EPS) for the quarter. Triad Group had a net margin of 6.86% and a return on equity of 35.58%. The firm had revenue of GBX 2,478 million for the quarter.

Insider Buying and Selling

In other Triad Group news, insider Tim Eckes bought 1,667 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were acquired at an average cost of GBX 320 per share, for a total transaction of £5,334.40. Also, insider Charlotte Rigg bought 8,619 shares of Triad Group stock in a transaction on Wednesday, July 1st. The stock was acquired at an average cost of GBX 334 per share, with a total value of £28,787.46. 35.52% of the stock is owned by insiders.

Triad Group Company Profile

Triad Group plc provides information technology consultancy services to the public, private, and not-for-profit sectors primarily in the United Kingdom. The company offers consulting and advisory; business insights; software development; project and software delivery; program management; and support services. Triad Group Plc was incorporated in 1988 and is based in Godalming, the United Kingdom.