Trainline (LON:TRN) Shares Up 0.1% - Here's What Happened

Key Points

• Trainline's share price increased by 0.1%, trading at GBX 270 ($3.61) with a significant decline in trading volume compared to its average.
• Shore Capital reissued a "buy" rating on Trainline shares, indicating positive sentiment among analysts.
• Insiders at Trainline have recently sold shares, with Jody Ford selling 74,338 shares for approximately £191,049 ($255,208), indicating insider activity that may affect market perception.

Shares of Trainline Plc (LON:TRN - Get Free Report) were up 0.1% during mid-day trading on Wednesday . The stock traded as high as GBX 280 ($3.77) and last traded at GBX 270 ($3.63). Approximately 567,657 shares traded hands during trading, a decline of 74% from the average daily volume of 2,187,786 shares. The stock had previously closed at GBX 269.60 ($3.63).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Trainline in a research report on Wednesday, May 7th.

Trainline Stock Performance

The company has a market cap of £1.15 billion, a PE ratio of 36.30 and a beta of 1.64. The stock's 50 day simple moving average is GBX 275.03 and its two-hundred day simple moving average is GBX 292.14. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 49.07.

Trainline (LON:TRN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported GBX 19.20 ($0.26) earnings per share for the quarter. Trainline had a return on equity of 10.88% and a net margin of 8.57%. As a group, research analysts anticipate that Trainline Plc will post 16.8458781 earnings per share for the current year.

Insider Activity

In related news, insider Jody Ford sold 74,338 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of GBX 257 ($3.46), for a total transaction of £191,048.66 ($256,958.52). Also, insider Peter Wood sold 10,405 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of GBX 257 ($3.46), for a total transaction of £26,740.85 ($35,966.17). Insiders own 4.08% of the company's stock.

About Trainline

Trainline's ambition is to bring together rail, coach and other travel services into one simple mobile experience so travellers can easily find the best prices for their journey and access smart, real-time travel information on the go. By making rail and coach travel easier, our aim is to encourage people all over the world to make more environmentally sustainable travel choices.