Journeo (LON:JNEO) Stock Price Down 3% After Insider Selling

Key Points

• Journeo plc shares fell 3% to GBX 457 ($6.14) due to insider selling of 317,742 shares at an average price of GBX 450.
• The company's market capitalization stands at £78.72 million with a price-to-earnings ratio of 1,901.00.
• Journeo reported a quarterly earnings per share (EPS) of GBX 13.01, projecting a future EPS of 23.79 for the current fiscal year according to analysts.

Journeo plc (LON:JNEO - Get Free Report) shares dropped 3% on Thursday following insider selling activity. The company traded as low as GBX 456.30 ($6.13) and last traded at GBX 457 ($6.14). Approximately 79,740 shares traded hands during trading, an increase of 6% from the average daily volume of 75,539 shares. The stock had previously closed at GBX 471 ($6.33).

Specifically, insider Nick Lowe sold 100,000 shares of the business's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of GBX 450, for a total transaction of £450,000. Also, insider Russ Singleton sold 217,742 shares of Journeo stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of GBX 450, for a total value of £979,839.

Journeo Trading Down 3.0%

The stock has a 50-day simple moving average of GBX 456.10 and a 200 day simple moving average of GBX 372.25. The company has a current ratio of 2.00, a quick ratio of 0.85 and a debt-to-equity ratio of 2.46. The company has a market cap of £78.72 million, a price-to-earnings ratio of 1,901.00 and a beta of 0.16.

Journeo (LON:JNEO - Get Free Report) last issued its quarterly earnings results on Thursday, September 25th. The company reported GBX 13.01 EPS for the quarter. Journeo had a return on equity of 29.20% and a net margin of 8.20%. As a group, equities research analysts predict that Journeo plc will post 23.7877402 EPS for the current fiscal year.

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.

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