STV Group (LON:STVG) Trading Down 24.5% - Here's Why

Key Points

• STV Group's stock price plummeted 24.5% on Monday, trading as low as GBX 125.80 before recovering slightly to close at GBX 144.30.
• The company has a market capitalization of £67.86 million and a P/E ratio of 9.92, with notable increases in trading volume by 402% compared to its average.
• Insider Rufus Radcliffe purchased 48,331 shares of STV at an average price of GBX 163, indicating confidence from corporate insiders despite the stock's recent decline.

Shares of STV Group plc (LON:STVG - Get Free Report) traded down 24.5% on Monday . The company traded as low as GBX 125.80 ($1.67) and last traded at GBX 144.30 ($1.91). 579,779 shares were traded during mid-day trading, an increase of 402% from the average session volume of 115,502 shares. The stock had previously closed at GBX 191 ($2.53).

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a "house stock" rating on shares of STV Group in a report on Thursday, May 22nd.

STV Group Stock Performance

The business's fifty day moving average is GBX 177.89 and its two-hundred day moving average is GBX 177.06. The company has a quick ratio of 1.09, a current ratio of 1.51 and a debt-to-equity ratio of -14,440.00. The stock has a market capitalization of £58.87 million, a PE ratio of 8.60 and a beta of 0.09.

Insider Buying and Selling

In other news, insider Rufus Radcliffe acquired 48,331 shares of the company's stock in a transaction on Monday, May 19th. The stock was bought at an average cost of GBX 163 ($2.16) per share, with a total value of £78,779.53 ($104,454.43). 5.86% of the stock is owned by insiders.

STV Group Company Profile

STV is Scotland's home of news, entertainment and drama, serving audiences with quality content on air, online and on demand. STV's broadcast channel reaches 2.8 million viewers each month, while free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.