Team Internet Group (LON:TIG) Sets New 52-Week Low – Should You Sell?

Team Internet Group plc (LON:TIG) shares hit a new 52-week low on Monday . The company traded as low as GBX 86.10 ($1.11) and last traded at GBX 87.50 ($1.13), with a volume of 5215898 shares trading hands. The stock had previously closed at GBX 119.20 ($1.53).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price target on shares of Team Internet Group from GBX 205 ($2.64) to GBX 220 ($2.83) and gave the company a “buy” rating in a report on Monday, August 12th.

Team Internet Group Trading Down 5.5 %

The stock has a market cap of £206.87 million, a PE ratio of 1,181.43 and a beta of 0.60. The company’s 50 day moving average is GBX 128.68 and its 200-day moving average is GBX 157.10.

Team Internet Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, August 29th were paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.69%. The ex-dividend date of this dividend was Thursday, August 29th. Team Internet Group’s payout ratio is 2,857.14%.

Insider Transactions at Team Internet Group

In related news, insider Max Royde acquired 6,000 shares of the company’s stock in a transaction on Friday, September 6th. The shares were purchased at an average price of GBX 121 ($1.56) per share, for a total transaction of £7,260 ($9,342.43). In the last three months, insiders purchased 21,000 shares of company stock valued at $2,763,000. Company insiders own 27.74% of the company’s stock.

About Team Internet Group

Team Internet Group plc provides domain name services worldwide. It operates through two segments, Online Presence and Online Marketing. The Online Presence segment provides domain names through a network of channel partners, as well as selling domain names and ancillary, monitoring, technical, and consultancy services to end users and corporate clients.