Stock News Buzz: Match Group (MTCH)

Match Group (MTCH) spotted trading -7.06% off 52-week high price. On the other end, the stock has been noted 79.91% away from the low price over the last 52-weeks. The stock changed 1.52% to recent value of $56.61. The stock transacted 3309391 shares during most recent day however it has an average volume of 2514.13K shares. The company has 267.89M of outstanding shares and 50.75M shares were floated in the market.  

Match Group (MTCH) reported that it has agreed to sell $350 million aggregate principal amount of 5.625% senior notes due 2029 (the “Notes”) in an upsized private offering (the “Offering”).  The Offering is expected to close on February 15, 2019.

Match Group intends to use the proceeds of the Offering to repay borrowings under its existing revolving credit facility, to pay expenses associated with the Offering, and for general corporate purposes.

The Offering is being made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.  The Notes will not be registered under the Securities Act and may not be offered or sold without registration unless an exemption from such registration is available.

This notice is issued pursuant to Rule 135c of the Securities Act and does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes.

 Its earnings per share (EPS) expected to touch remained 129.60% for this year while earning per share for the next 5-years is expected to reach at 28.49%. MTCH has a gross margin of 76.70% and an operating margin of 32.10% while its profit margin remained 21.40% for the last 12 months.   According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 12.47% from the mean of 20 days, 26.67% from mean of 50 days SMA and performed 29.47% from mean of 200 days price. Company’s performance for the week was 3.44%, 25.77% for month and YTD performance remained 32.36%.

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