Arab Sea shares fall daily limit for seventh straight session, lose 55% in 3 weeks

20/06/2022 Argaam Special

Logo of Arab Sea Information System Co. 


Shares of Arab Sea Information System Co.  fell their daily limit at SAR 79.30, today, June 20, the lowest price in a year and a half. 

 

The stock declined its daily limit for the seventh straight session, losing 55% since the beginning of June 2022. The stock also dropped 62% compared to its highest level of SAR 207.80 in March 2022. 

 

Nearly 67,000 shares were traded, while orders were placed on around 2.6 million shares.  

 

Arab Sea is a Saudi joint-stock company founded in 1980, with capital of SAR 100 million, divided into over 10 million shares.  

 

The company’s shares were listed in the Parallel Market (Nomu) on Feb. 26, 2017, at a price of SAR 11 per share. 

 

In 2020, the company moved to the main market with the last trading price in Nomu at SAR 25.55 per share. 

 

The company operates, develops, installs, and maintains computer software and networks. 

 

Arab Sea Stock Performance

Annual High (SAR)

207.80

March 31, 2022

Annual Low (SAR)

79.30

Today, June 20, 2022

Historical High (SAR)

207.80

March 31, 2022

Historical Low (SAR)

26.15

April 15, 2020

Highest Trading Volume (mln shares)

9.0

April 20, 2020

 

The following table shows the company’s key financial indicators:

 

Key Financial Indicators

EPS (last 12 months) (SAR)

1.83

P/E (last 12 months) (x)

Higher than 50

Book Value (SAR)

14.36

P/B Ratio (x)

5.52

Total Shares (mln) 

10

Free Float (mln)

8.24

 

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