Airtel Africa Plc (LON:AAF - Get Free Report) dropped 8.4% during trading on Thursday . The company traded as low as GBX 151.90 ($2.02) and last traded at GBX 156 ($2.08). Approximately 10,326,306 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 10,866,079 shares. The stock had previously closed at GBX 170.30 ($2.27).
Airtel Africa Price Performance
The firm has a market capitalization of £8.01 billion, a PE ratio of -102.71, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The business has a 50-day moving average of GBX 159.80 and a 200 day moving average of GBX 133.37. The company has a current ratio of 0.47, a quick ratio of 0.26 and a debt-to-equity ratio of 275.30.
Insider Activity at Airtel Africa
In other news, insider Sunil Bharti Mittal acquired 163,582,576 shares of the firm's stock in a transaction on Friday, February 21st. The stock was purchased at an average price of GBX 132 ($1.76) per share, for a total transaction of £215,929,000.32 ($287,368,911.79). 72.58% of the stock is currently owned by insiders.
About Airtel Africa
(
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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.
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