Triad Group (LON:TRD) Shares Down 4.8% – Here’s What Happened

Shares of Triad Group plc (LON:TRD) were down 4.8% on Thursday . The company traded as low as GBX 290 ($3.69) and last traded at GBX 300 ($3.82). Approximately 13,607 shares traded hands during trading, a decline of 34% from the average daily volume of 20,662 shares. The stock had previously closed at GBX 315 ($4.01).

Triad Group Price Performance

The company has a debt-to-equity ratio of 22.15, a quick ratio of 3.17 and a current ratio of 2.10. The firm has a market capitalization of £48.34 million, a price-to-earnings ratio of -4,833.33 and a beta of 1.36. The business has a fifty day moving average of GBX 302.10 and a two-hundred day moving average of GBX 289.42.

Triad Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.61%. The ex-dividend date is Thursday, November 21st. Triad Group’s payout ratio is presently -10,000.00%.

Insiders Place Their Bets

In other Triad Group news, insider John C. Rigg bought 125,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of GBX 280 ($3.57) per share, for a total transaction of £350,000 ($445,803.08). Company insiders own 99.04% of the company’s stock.

About Triad Group

Triad Group plc provides information technology consultancy services to the public, private, and not-for-profit sectors primarily in the United Kingdom. The company offers consulting and advisory; business insights; software development; project and software delivery; program management; and support services.