Pod Point Group (LON:PODP) Shares Down 26.1% – Here’s Why

Pod Point Group Holdings Plc (LON:PODP) dropped 26.1% during mid-day trading on Monday . The company traded as low as GBX 10.50 ($0.13) and last traded at GBX 12.28 ($0.15). Approximately 1,474,557 shares changed hands during mid-day trading, an increase of 137% from the average daily volume of 622,872 shares. The stock had previously closed at GBX 16.62 ($0.20).

Pod Point Group Stock Up 0.2 %

The company has a market capitalization of £16.40 million, a price-to-earnings ratio of -23.91 and a beta of 1.25. The company has a quick ratio of 2.97, a current ratio of 1.45 and a debt-to-equity ratio of 6.20. The business has a 50-day moving average price of GBX 13.57 and a 200-day moving average price of GBX 16.33.

Insider Buying and Selling

In other news, insider Melanie Lane purchased 400,000 shares of Pod Point Group stock in a transaction that occurred on Monday, December 2nd. The stock was acquired at an average price of GBX 13 ($0.16) per share, for a total transaction of £52,000 ($64,110.47). 57.59% of the stock is currently owned by company insiders.

Pod Point Group Company Profile

Pod Point was founded in 2009. Driven by a belief that driving shouldn’t cost the earth, Pod Point is building the infrastructure needed to enable the mass adoption of electric vehicles and to make living with an EV easy and affordable for everyone. As at 30 October 2023 the company has shipped more than 222k charge points on its network in the UK and is an official charge point supplier for major car brands.

Pod Point works with a broad range of organisations and customers to offer home and commercial charging solutions.