AIREA (LON:AIEA) Stock Price Up 7.1% – Here’s Why

by · The Cerbat Gem

AIREA plc (LON:AIEA – Get Free Report) shot up 7.1% on Wednesday. The company traded as high as GBX 27.84 and last traded at GBX 27.84. Approximately 20,161 shares changed hands during trading, a decline of 54% from the average session volume of 44,193 shares. The stock had previously closed at GBX 26.

AIREA Trading Up 7.1%

The firm has a market capitalization of £11.08 million, a P/E ratio of 7.63 and a beta of 1.08. The business’s 50 day moving average is GBX 26.65 and its two-hundred day moving average is GBX 26.48. The company has a quick ratio of 1.66, a current ratio of 2.98 and a debt-to-equity ratio of 12.40.

AIREA (LON:AIEA – Get Free Report) last announced its earnings results on Tuesday, September 29th. The company reported GBX 0.57 earnings per share (EPS) for the quarter. AIREA had a net margin of 0.31% and a return on equity of 0.39%.

Insiders Place Their Bets

In other news, insider Mederic Payne sold 161,662 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of GBX 26, for a total value of £42,032.12. Also, insider Tanya Ashton acquired 33,320 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of GBX 26 per share, with a total value of £8,663.20. 16.42% of the stock is owned by insiders.

About AIREA

(Get Free Report)

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.

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