Digitalbox (LON:DBOX) Shares Down 20.2% – Here’s Why

Digitalbox plc (LON:DBOXGet Free Report) was down 20.2% during mid-day trading on Thursday . The company traded as low as GBX 4.50 and last traded at GBX 5.03. 1,322,253 shares were traded during trading, an increase of 246% from the average daily volume of 381,623 shares. The stock had previously closed at GBX 6.30.

Digitalbox Price Performance

The business’s fifty day simple moving average is GBX 5.25 and its two-hundred day simple moving average is GBX 4.65. The company has a market cap of £5.93 million, a PE ratio of -40.56 and a beta of 0.09.

About Digitalbox

(Get Free Report)

Based in Bath, UK, Digitalbox is a ‘pure-play’ digital media business with the aim of profitable publishing at scale on mobile platforms.

Digitalbox operates the following trading brands, “Entertainment Daily”, “The Daily Mash”, “The Tab”, and “The Poke”. Entertainment Daily produces and publishes online UK entertainment news covering TV, showbiz and celebrity news. The Daily Mash produces and publishes satirical news content. The Tab is the UK’s biggest youth culture site fuelled by students.

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