Airtel Africa (LON:AAF) Trading Down 0.2% - Time to Sell?

Shares of Airtel Africa Plc (LON:AAF - Get Free Report) dropped 0.2% during mid-day trading on Tuesday . The company traded as low as GBX 162.60 ($2.16) and last traded at GBX 163.50 ($2.17). Approximately 2,907,522 shares traded hands during trading, a decline of 75% from the average daily volume of 11,743,313 shares. The stock had previously closed at GBX 163.80 ($2.18).

Airtel Africa Price Performance

The firm has a 50 day moving average price of GBX 153.31 and a 200 day moving average price of GBX 128.88. The stock has a market capitalization of £7.60 billion, a PE ratio of -97.47, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. 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 Transactions at Airtel Africa

In other news, insider Sunil Bharti Mittal bought 163,582,576 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average price of GBX 132 ($1.76) per share, for a total transaction of £215,929,000.32 ($287,177,816.62). Corporate insiders own 72.58% of the company's stock.

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.