Team17 Group (LON:TM17) Trading Up 14.6% – Should You Buy?

Team17 Group plc (LON:TM17)’s stock price traded up 14.6% during trading on Thursday . The company traded as high as GBX 275.15 ($3.39) and last traded at GBX 275.15 ($3.39). 207,560 shares changed hands during mid-day trading, an increase of 10% from the average session volume of 187,850 shares. The stock had previously closed at GBX 240 ($2.95).

Team17 Group Stock Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28. The company has a market cap of £391.90 million, a PE ratio of -8,416.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31. The business has a fifty day simple moving average of GBX 215.10 and a two-hundred day simple moving average of GBX 244.28.

Insider Buying and Selling

In other news, insider Deborah Jayne Bestwick sold 3,026,694 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of GBX 210 ($2.59), for a total transaction of £6,356,057.40 ($7,824,765.97). 28.15% of the stock is currently owned by company insiders.

Team17 Group Company Profile

Team17 Group is a leading global indie games label developer and publisher of premium video games and apps.

The Group was founded in 1990, and Team17’s Games Label successfully launched in 2014. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.

Today, the Company employs over 350 people across 8 locations in 5 countries, and operates across three divisions – Team17 Games Label, StoryToys and astragon.

The business generates 73% of sales from its back catalogue, with 35% of sales come from its owned first-party IP.