Team Internet Group (LON:TIG) Trading Up 28.1% – Should You Buy?

Team Internet Group plc (LON:TIG) shares were up 28.1% on Tuesday . The stock traded as high as GBX 118 ($1.48) and last traded at GBX 116.60 ($1.46). Approximately 2,284,860 shares changed hands during mid-day trading, an increase of 128% from the average daily volume of 1,002,991 shares. The stock had previously closed at GBX 91 ($1.14).

Team Internet Group Trading Up 29.8 %

The business has a 50 day simple moving average of GBX 95.30 and a two-hundred day simple moving average of GBX 135.54. The company has a market cap of £295.41 million, a PE ratio of 1,687.13 and a beta of 0.60.

Insiders Place Their Bets

In other news, insider Max Royde acquired 47,900 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of GBX 80 ($1.00) per share, for a total transaction of £38,320 ($47,941.95). Also, insider Marie Holive purchased 25,252 shares of Team Internet Group stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average cost of GBX 79 ($0.99) per share, for a total transaction of £19,949.08 ($24,958.19). In the last ninety days, insiders have acquired 294,112 shares of company stock valued at $24,246,748. Insiders own 27.74% of the company’s stock.

Team Internet Group Company Profile

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.