AIREA (LON:AIEA) Shares Up 8.6% – Still a Buy?

AIREA plc (LON:AIEA) shot up 8.6% during mid-day trading on Friday. The company traded as high as GBX 29.90 and last traded at GBX 28.25. Approximately 365,295 shares changed hands during mid-day trading, an increase of 702% from the average session volume of 45,539 shares. The stock had previously closed at GBX 26.01.

AIREA Stock Up 8.6%

The stock has a market cap of £11.24 million, a PE ratio of 7.74 and a beta of 1.08. The business has a 50 day moving average of GBX 26.67 and a 200-day moving average of GBX 24.96. The company has a current ratio of 2.98, a quick ratio of 1.66 and a debt-to-equity ratio of 12.40.

AIREA (LON:AIEA) last issued its quarterly earnings data on Tuesday, September 29th. The company reported GBX 0.57 earnings per share for the quarter. AIREA had a return on equity of 0.39% and a net margin of 0.31%.

Insiders Place Their Bets

In related news, insider Conleth Campbell sold 65,186 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of GBX 26, for a total transaction of £16,948.36. Also, insider Mederic Payne sold 161,662 shares of AIREA stock in a transaction on Thursday, September 17th. The shares were sold at an average price of GBX 26, for a total transaction of £42,032.12. Insiders own 16.42% of the company’s stock.

AIREA Company Profile

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.