Insider Buying: Helios Towers plc (LON:HTWS) Insider Purchases 76,180 Shares of Stock

Helios Towers plc (LON:HTWS) insider Tom Greenwood bought 76,180 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 101 ($1.31) per share, with a total value of £76,941.80 ($100,093.40).

Helios Towers Stock Performance

LON:HTWS opened at GBX 105.80 ($1.38) on Thursday. Helios Towers plc has a twelve month low of GBX 81 ($1.05) and a twelve month high of GBX 134 ($1.74). The company has a quick ratio of 1.97, a current ratio of 1.24 and a debt-to-equity ratio of -2,151.68. The stock’s 50-day simple moving average is GBX 94.77 and its 200 day simple moving average is GBX 106.85. The firm has a market capitalization of £1.40 billion, a PE ratio of -11.54 and a beta of 0.50.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 175 ($2.28) price objective on shares of Helios Towers in a research note on Thursday, March 13th.

Helios Towers Company Profile

Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar, Malawi and Oman.

Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators.