Gusbourne (LON:GUS) Stock Price Down 16.7% – Here’s What Happened

Gusbourne PLC (LON:GUS) shares dropped 16.7% on Thursday . The stock traded as low as GBX 17 ($0.21) and last traded at GBX 17.50 ($0.22). Approximately 274,484 shares were traded during mid-day trading, an increase of 554% from the average daily volume of 41,977 shares. The stock had previously closed at GBX 21 ($0.26).

Gusbourne Stock Down 4.4 %

The company has a debt-to-equity ratio of 269.00, a current ratio of 9.67 and a quick ratio of 2.55. The firm has a market capitalization of £10.47 million, a P/E ratio of -286.67 and a beta of 0.31. The company’s 50-day simple moving average is GBX 36.92 and its two-hundred day simple moving average is GBX 50.53.

About Gusbourne

Gusbourne produces and distributes a range of high quality and award winning vintage English sparkling wines from grapes grown in its own vineyards in Kent and West Sussex.

The Gusbourne business was founded by Andrew Weeber in 2004 with the first vineyard plantings at Appledore in Kent. The first wines were released in 2010 to critical acclaim.