Starcom (LON:STAR) Shares Pass Below 50-Day Moving Average of $1.35

Starcom PLC (LON:STAR) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.35 and traded as low as $1.55. Starcom shares last traded at $1.60, with a volume of 2,830,600 shares.

Separately, Shore Capital restated a “not rated” rating on shares of Starcom in a research note on Monday, March 18th.

The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 18.91. The company’s 50 day simple moving average is GBX 1.37. The stock has a market cap of $5.44 million and a P/E ratio of -5.25.

In other news, insider Michael Rosenberg bought 880,000 shares of Starcom stock in a transaction dated Monday, June 17th. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £8,800 ($11,498.76).

About Starcom (LON:STAR)

Starcom plc is engaged in the development of wireless solutions for the remote tracking, monitoring and protection of various types of assets and people. The Company, along with its subsidiaries, has four operating segments: sets, accessory, Web and other. The Company has two wholly owned subsidiaries: Starcom G.P.S.

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