MediaZest (LON:MDZ) Trading Up 15.5% – Here’s What Happened

MediaZest plc (LON:MDZ) shares shot up 15.5% on Wednesday . The stock traded as high as GBX 0.13 and last traded at GBX 0.13. 9,599,991 shares changed hands during trading, a decline of 22% from the average session volume of 12,290,118 shares. The stock had previously closed at GBX 0.11.

MediaZest Stock Up 15.5%

The business has a 50-day moving average price of GBX 0.10 and a 200-day moving average price of GBX 0.09. The company has a market capitalization of £2.61 million, a price-to-earnings ratio of 21.90 and a beta of 0.89. The company has a quick ratio of 0.28, a current ratio of 0.49 and a debt-to-equity ratio of 251.23.

MediaZest (LON:MDZ) last released its quarterly earnings results on Friday, February 27th. The company reported GBX 0.01 earnings per share for the quarter. MediaZest had a return on equity of 14.70% and a net margin of 2.36%.

Insider Buying and Selling

In other news, insider James Abdool acquired 5,882,353 shares of MediaZest stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of GBX 1 per share, with a total value of £58,823.53. Corporate insiders own 0.71% of the company’s stock.

About MediaZest

MediaZest is a creative audio-visual solutions provider that specialises in delivering innovative digital signage and audio systems to leading retailers, brand owners and corporations. The Group offers an integrated service from content creation and system design to installation, technical support, and maintenance. MediaZest was admitted to the London Stock Exchange’s AIM in February 2005.