Malvern International (LON:MLVN) Trading Down 2.3% – Here’s Why

Malvern International Plc (LON:MLVN) shares dropped 2.3% on Friday . The stock traded as low as GBX 21 ($0.27) and last traded at GBX 21.50 ($0.27). Approximately 164,622 shares changed hands during mid-day trading, an increase of 297% from the average daily volume of 41,481 shares. The stock had previously closed at GBX 22 ($0.28).

Malvern International Trading Down 2.3 %

The company’s 50 day simple moving average is GBX 19.18 and its two-hundred day simple moving average is GBX 19.49. The company has a quick ratio of 0.50, a current ratio of 0.66 and a debt-to-equity ratio of 70.89. The company has a market capitalization of £5.25 million, a price-to-earnings ratio of -2,150.00 and a beta of 0.64.

Insider Activity

In related news, insider Mark Westcombe Elliott purchased 230,200 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of GBX 17 ($0.21) per share, with a total value of £39,134 ($49,392.91). Also, insider Richard Christopher Mace sold 69,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of GBX 17 ($0.21), for a total transaction of £11,730 ($14,805.00). Company insiders own 51.08% of the company’s stock.

About Malvern International

Malvern International Plc provides educational services in the United Kingdom. The company operates Malvern House London; Malvern House Brighton; Communicate School in Manchester; Language in Action; and International Study Centres. It also offers English language schools, juniors and summer camps programmes; business and management, accounting and finance, humanities and social sciences, and engineering and science; in-sessional and pre-sessional English programs; and international foundation year and programme, international year one, and international graduate diploma.