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.

Shares of Journeo plc (LON:JNEO - Get Free Report) traded down 2.9% on Tuesday . The stock traded as low as GBX 355 ($4.71) and last traded at GBX 374 ($4.96). 209,578 shares changed hands during mid-day trading, an increase of 223% from the average session volume of 64,918 shares. The stock had previously closed at GBX 385 ($5.10).

Journeo Trading Up 3.3%

The company has a market cap of £65.20 million, a PE ratio of 15.48 and a beta of 0.16. The company has a 50-day moving average of GBX 366.49 and a 200 day moving average of GBX 303.05. The company has a debt-to-equity ratio of 2.46, a current ratio of 2.00 and a quick ratio of 0.85.

Insider Buying and Selling

In other news, insider Mark Westcombe Elliott purchased 20,306 shares of the stock in a transaction dated Thursday, June 5th. The shares were purchased at an average cost of GBX 310 ($4.11) per share, with a total value of £62,948.60 ($83,464.07). Insiders own 22.71% of the company's stock.

About Journeo

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.