Insider Buying: Airtel Africa (LON:AAF) Insider Purchases 10,000 Shares of Stock

Key Points

• Paul Arkwright, an insider at Airtel Africa, purchased 10,000 shares at an average price of GBX 228, totaling £22,800.
• Airtel Africa's stock is currently trading down by 2.0%, hitting GBX 223.80, with a market capitalization of £8.16 billion.
• The company operates across 14 African countries, providing integrated telecommunications and mobile money services.

Airtel Africa Plc (LON:AAF - Get Free Report) insider Paul Arkwright bought 10,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were purchased at an average cost of GBX 228 per share, with a total value of £22,800.

Airtel Africa Stock Performance

LON:AAF traded down GBX 5.20 during mid-day trading on Friday, reaching GBX 221.20. 18,148,355 shares of the company's stock were exchanged, compared to its average volume of 7,788,194. Airtel Africa Plc has a one year low of GBX 93 and a one year high of GBX 230.20. The company has a debt-to-equity ratio of 275.30, a quick ratio of 0.26 and a current ratio of 0.47. The business's fifty day simple moving average is GBX 209.91 and its two-hundred day simple moving average is GBX 182.12. The firm has a market capitalization of £8.07 billion, a PE ratio of 2,404.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04.

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa. Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.