LoopUp Group (LON:LOOP) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

LoopUp Group plc (LON:LOOP) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 0.70 ($0.01) and traded as low as GBX 0.50 ($0.01). LoopUp Group shares last traded at GBX 0.70 ($0.01), with a volume of 1,336,858 shares changing hands.

LoopUp Group Stock Up 27.3 %

The company has a debt-to-equity ratio of 24.47, a quick ratio of 0.80 and a current ratio of 0.64. The firm has a market capitalization of £1.43 million, a P/E ratio of -5.83 and a beta of -0.04. The stock has a fifty day moving average price of GBX 0.70 and a two-hundred day moving average price of GBX 0.75.

About LoopUp Group

LoopUp Group plc provides cloud communications platform for business-critical external and specialist communications in the United Kingdom, the European Union, North America, and internationally. The company offers cloud telephony services, including fully managed direct routing solution for Microsoft Teams calling; conferencing solutions for remote meetings; and managed events calls services.