Airtel Africa Plc (LON:AAF - Get Free Report) dropped 8.4% during trading on Thursday . The stock traded as low as GBX 151.90 ($2.02) and last traded at GBX 156 ($2.07). Approximately 10,326,306 shares changed hands during trading, a decline of 5% from the average daily volume of 10,866,079 shares. The stock had previously closed at GBX 170.30 ($2.26).
Airtel Africa Stock Up 4.4%
The firm has a 50 day moving average of GBX 158.75 and a 200 day moving average of GBX 132.62. The firm has a market cap of £7.47 billion, a price-to-earnings ratio of -95.82, a PEG ratio of 0.58 and a beta of 1.04. The company has a quick ratio of 0.26, a current ratio of 0.47 and a debt-to-equity ratio of 275.30.
Insiders Place Their Bets
In other news, insider Sunil Bharti Mittal acquired 163,582,576 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of GBX 132 ($1.75) per share, for a total transaction of £215,929,000.32 ($286,910,709.97). Corporate insiders own 72.58% of the company's stock.
Airtel Africa Company Profile
(
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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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