Distil (LON:DIS) Stock Price Down 50% – Here’s What Happened

Shares of Distil Plc (LON:DIS) dropped 50% on Tuesday . The stock traded as low as GBX 0.03 and last traded at GBX 0.05. Approximately 59,305,691 shares traded hands during mid-day trading, an increase of 832% from the average daily volume of 6,360,754 shares. The stock had previously closed at GBX 0.09.

Distil Stock Performance

The company has a market capitalization of £915,210.00, a PE ratio of -0.56 and a beta of 0.61. The stock’s fifty day simple moving average is GBX 0.11 and its 200-day simple moving average is GBX 0.13. The company has a debt-to-equity ratio of 5.78, a quick ratio of 2.74 and a current ratio of 2.33.

Distil Company Profile

Distil Plc, together its subsidiaries, engages in the marketing and sale of spirits. The company offers its products under various brands, including RedLeg Spiced Rum, Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black Vodka, TRØVE Botanical Spirit, and Diva Vodka. It markets and sells its products in the United Kingdom, the United States, Germany, Spain, Australia, and Russia. The company was formerly known as Blavod Wines and Spirits plc and changed its name to Distil Plc in April 2014.