CMO Group (LON:CMO) Sets New 12-Month Low – Here’s Why

CMO Group PLC (LON:CMO) shares reached a new 52-week low on Thursday . The stock traded as low as GBX 0.03 ($0.00) and last traded at GBX 5.25 ($0.07), with a volume of 1250178 shares traded. The stock had previously closed at GBX 3.50 ($0.05).

CMO Group Stock Up 50.0 %

The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 34.24. The business has a 50-day simple moving average of GBX 5.33 and a 200-day simple moving average of GBX 10.63. The stock has a market cap of £3.56 million, a P/E ratio of -1.45 and a beta of 0.37.

Insider Buying and Selling

In other CMO Group news, insider Kenneth Ford acquired 200,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average price of GBX 256 ($3.30) per share, with a total value of £512,000 ($659,199.18). 43.29% of the stock is owned by insiders.

About CMO Group

CMO was founded in 2008 as Construction Materials Online by four individuals with a traditional merchants background who spotted an opportunity to disrupt what remains a predominantly offline sector by launching a dedicated online roofing merchant. Roofing Superstore made its first commercial sale in 2009.

Drainage Superstore was the second organic addition to the Group, making its first commercial sale in 2014 followed by a third organic addition, Insulation Superstore in 2015.