Ingenta (LON:ING) Shares Down 19.4% – Here’s What Happened

Ingenta plc (LON:ING) shares traded down 19.4% during trading on Thursday. The company traded as low as GBX 50.41 and last traded at GBX 54. Approximately 421,017 shares traded hands during mid-day trading, an increase of 551% from the average session volume of 64,641 shares. The stock had previously closed at GBX 67.

Ingenta Price Performance

The stock has a market capitalization of £8.21 million, a price-to-earnings ratio of 6.39 and a beta of 0.72. The business has a fifty day moving average of GBX 69.40 and a 200 day moving average of GBX 85.15.

Ingenta (LON:ING) last posted its earnings results on Wednesday, September 23rd. The company reported GBX 5 earnings per share (EPS) for the quarter. Ingenta had a return on equity of 16.63% and a net margin of 11.99%. On average, equities research analysts expect that Ingenta plc will post 9.62 EPS for the current year.

Ingenta Company Profile

Ingenta provides mission critical software designed to solve the unique problems faced by information and content providers. We tailor our suite of industry-specific technology products to create robust solutions to digitally distribute content and to manage our customers IP and content requirements. We support a full spectrum of clients ranging between global publishing giants and academic and trade publications, right through to prestigious NGO’s and established music record labels and multimedia companies.