Helios Towers (LON:HTWS) Shares Down 6.2% - Here's What Happened

Helios Towers plc (LON:HTWS - Get Free Report) shares fell 6.2% during trading on Monday . The stock traded as low as GBX 92.50 ($1.21) and last traded at GBX 94.70 ($1.24). 148,078,359 shares changed hands during mid-day trading, an increase of 2,435% from the average session volume of 5,841,802 shares. The stock had previously closed at GBX 101.01 ($1.32).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 175 ($2.29) target price on shares of Helios Towers in a research note on Thursday, March 13th.

Helios Towers Trading Up 0.8 %

The company has a debt-to-equity ratio of -2,151.68, a quick ratio of 1.97 and a current ratio of 1.24. The firm has a fifty day moving average price of GBX 98.85 and a 200 day moving average price of GBX 105.56. The company has a market cap of £1.30 billion, a price-to-earnings ratio of -10.69 and a beta of 0.50.

Insider Activity

In related news, insider Tom Greenwood bought 76,180 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of GBX 101 ($1.32) per share, for a total transaction of £76,941.80 ($100,669.63). Insiders own 1.39% of the company's stock.

About Helios Towers

Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators. Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar, Malawi and Oman. Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators.