Tribal Group (LON:TRB) Trading 12.1% Higher - What's Next?

Key Points

• Tribal Group plc shares surged 12.1% in a single day, reaching a last traded price of GBX 57.15 ($0.76) after previously closing at GBX 51 ($0.68).
• The company experienced a notable decrease in trading volume, with only 196,435 shares traded, down 63% from its average session volume of 533,976 shares.
• Tribal Group is a leader in education software and services, offering various products such as Student Information Systems and quality assurance services.

Tribal Group plc (LON:TRB - Get Free Report)'s share price was up 12.1% during trading on Wednesday . The stock traded as high as GBX 61 ($0.82) and last traded at GBX 57.15 ($0.77). Approximately 196,435 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 533,976 shares. The stock had previously closed at GBX 51 ($0.69).

Tribal Group Stock Up 2.8%

The business's 50 day moving average is GBX 44.46 and its 200 day moving average is GBX 42.99. The company has a debt-to-equity ratio of 33.57, a quick ratio of 0.51 and a current ratio of 0.52. The company has a market capitalization of £122.29 million, a price-to-earnings ratio of 63.52 and a beta of 0.35.

About Tribal Group

Tribal Group plc is a pioneering world-leader of education software and services. Its portfolio includes Student Information Systems; a broad range of education services covering quality assurance, peer review, benchmarking and improvement; and student surveys that provide the leading global benchmarks for student experience.