CloudCoCo Group (LON:CLCO) Posts Quarterly Earnings Results

CloudCoCo Group (LON:CLCO) announced its earnings results on Tuesday. The company reported GBX 0.37 EPS for the quarter, Digital Look Earnings reports. The company had revenue of GBX 964 million during the quarter. CloudCoCo Group had a negative net margin of 32.08% and a negative return on equity of 98.72%.

CloudCoCo Group Trading Up 6.8%

Shares of LON:CLCO traded up GBX 0.01 during mid-day trading on Thursday, hitting GBX 0.22. The stock had a trading volume of 5,609,744 shares, compared to its average volume of 3,882,434. The company’s 50 day moving average is GBX 0.15 and its 200-day moving average is GBX 0.18. CloudCoCo Group has a 12-month low of GBX 0.07 and a 12-month high of GBX 0.44. The company has a debt-to-equity ratio of 18.60, a quick ratio of 0.54 and a current ratio of 1.02. The company has a market cap of £1.55 million, a PE ratio of 2.43 and a beta of 0.12.

About CloudCoCo Group

Cloudcoco specialise in managed IT services and are one of the UK’s leading experts for IT support services. We’re based in the UK with our main offices in Leeds and Warrington operating as one of the best IT support companies in the UK. We are fanatically passionate about our 24×7 managed IT support, and are a leading IT service provider. Our IT Helpdesk is always open to help with our clients with IT maintenance and serve our clients offering 100% customer satisfaction.

We provide business IT support, remote IT support and managed IT solutions to small businesses, enterprise customers and public sector organisations through frameworks such as YPO, Gcloud, Digital Outcomes and other government procurement frameworks.