Checkit (LON:CKT) Shares Up 2% – Still a Buy?

Shares of Checkit plc (LON:CKT) shot up 2% during mid-day trading on Monday . The stock traded as high as GBX 15 and last traded at GBX 15. 76,646 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 163,195 shares. The stock had previously closed at GBX 14.70.

Checkit Stock Performance

The company has a debt-to-equity ratio of 2.48, a quick ratio of 3.32 and a current ratio of 1.72. The firm’s 50 day moving average is GBX 15.77 and its 200-day moving average is GBX 15.01. The firm has a market cap of £19.98 million, a price-to-earnings ratio of -6.61 and a beta of 0.35.

Checkit (LON:CKT) last announced its earnings results on Tuesday, August 26th. The company reported GBX (1.90) EPS for the quarter. Checkit had a negative return on equity of 35.21% and a negative net margin of 36.15%. Sell-side analysts anticipate that Checkit plc will post -5.0737653 earnings per share for the current fiscal year.

Insider Buying and Selling at Checkit

In related news, insider Kristian (Kris) Shaw acquired 125,710 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were bought at an average price of GBX 16 per share, for a total transaction of £20,113.60. Also, insider Kit Kyte acquired 309,116 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were bought at an average price of GBX 13 per share, for a total transaction of £40,185.08. Insiders purchased a total of 941,353 shares of company stock worth $14,031,192 in the last quarter. Insiders own 26.39% of the company’s stock.

Checkit Company Profile

Checkit optimizes the performance of people, processes and physical assets with connected digital solutions.

Our real-time workflow, monitoring and analytics services enable safe and productive work, efficient operations and data-driven insight to continually improve performance in large, complex organisations.

We streamline the work of frontline teams with Connected Workflow Management; protect critical assets with Connected Automated Monitoring and maximize building performance with Connected Building Management.

For over a decade, Checkit has been working with leaders, operational heads and frontline workers in retail, healthcare, life sciences, facilities management, catering, education, manufacturing, hospitality and commercial property.