Panther Securities (LON:PNS) Shares Down 5.9% – Here’s Why

Panther Securities PLC (LON:PNS)’s share price dropped 5.9% during trading on Thursday . The company traded as low as GBX 301.20 ($3.68) and last traded at GBX 301.20 ($3.68). Approximately 2,000 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 2,716 shares. The stock had previously closed at GBX 320 ($3.91).

Panther Securities Stock Performance

The firm’s 50-day simple moving average is GBX 318.41 and its two-hundred day simple moving average is GBX 314.13. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 62.22. The stock has a market capitalization of £55.81 million, a PE ratio of 8,000.00 and a beta of 0.18.

Insider Transactions at Panther Securities

In related news, insider Andrew Perloff acquired 300,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were purchased at an average cost of GBX 330 ($4.03) per share, with a total value of £990,000 ($1,208,791.21). 90.50% of the stock is currently owned by insiders.

About Panther Securities

Panther Securities PLC ("the Company" or "the Group") is a property investment company quoted on the AIM market (AIM). Prior to 31 December 2013 the Company was fully listed and included in the FTSE fledgling index. It was first fully listed as a public company in 1934. The Group currently owns and manages over 900 individual property units within over 120 separately designated buildings over the mainland United Kingdom. The Group specialises in property investing and managing of good secondary retail, industrial units and offices, and also owns and manages many residential flats in several town centre locations.