Journeo (LON:JNEO) Shares Down 2.9% - Time to Sell?

Key Points

• Journeo plc's stock experienced a 2.9% decline, trading between GBX 355 ($4.74) and GBX 374 ($4.99) on Tuesday, with a notable increase in trading volume.
• The company's market capitalization stands at £63.36 million, with a price-to-earnings ratio of 15.04 and a debt-to-equity ratio of 2.46.
• Insider Mark Westcombe Elliott purchased 20,306 shares at an average price of GBX 310 ($4.14), indicating confidence among company insiders.

Journeo plc (LON:JNEO - Get Free Report)'s stock price was down 2.9% during trading on Tuesday . The company traded as low as GBX 355 ($4.71) and last traded at GBX 374 ($4.96). Approximately 209,578 shares changed hands during mid-day trading, an increase of 223% from the average daily volume of 64,918 shares. The stock had previously closed at GBX 385 ($5.11).

Journeo Stock Down 0.6%

The company has a 50 day simple moving average of GBX 373.32 and a two-hundred day simple moving average of GBX 305.22. The company has a quick ratio of 0.85, a current ratio of 2.00 and a debt-to-equity ratio of 2.46. The company has a market capitalization of £68.61 million, a P/E ratio of 16.29 and a beta of 0.16.

Insider Activity at Journeo

In other news, insider Mark Westcombe Elliott acquired 20,306 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were bought at an average price of GBX 310 ($4.11) per share, with a total value of £62,948.60 ($83,552.69). Corporate insiders own 22.71% of the company's stock.

Journeo Company Profile

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company is focused on creating innovative public transport and related infrastructure solutions, contributing to safer and smarter city initiatives as transport of all types becomes more intelligent and connected. The Company works at many levels with government organisations, local/combined authorities and many of the largest multinational transport operators.