MediaZest (LON:MDZ) Shares Down 8.4% – Here’s Why

MediaZest plc (LON:MDZ) shares were down 8.4% on Wednesday . The stock traded as low as GBX 0.08 and last traded at GBX 0.08. Approximately 214,290 shares changed hands during trading, a decline of 98% from the average daily volume of 8,864,975 shares. The stock had previously closed at GBX 0.08.

MediaZest Price Performance

The business’s 50-day moving average price is GBX 0.09 and its 200 day moving average price is GBX 0.08. The company has a quick ratio of 0.28, a current ratio of 0.23 and a debt-to-equity ratio of 229.88. The company has a market capitalization of £1.48 million, a P/E ratio of -87.00 and a beta of 0.89.

Insider Buying and Selling at MediaZest

In other MediaZest news, insider James Abdool acquired 5,882,353 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of GBX 1 per share, for a total transaction of £58,823.53. Insiders own 0.19% of the company’s stock.

About MediaZest

MediaZest is a creative audio-visual solutions provider that specialises in delivering innovative digital signage and audio systems to leading retailers, brand owners and corporations. The Group offers an integrated service from content creation and system design to installation, technical support, and maintenance. MediaZest was admitted to the London Stock Exchange’s AIM in February 2005.