Checkit (LON:CKT) Reaches New 1-Year Low – Here’s Why

Checkit plc (LON:CKT) shares hit a new 52-week low during trading on Thursday. The company traded as low as GBX 13 and last traded at GBX 13.15, with a volume of 78,068 shares trading hands. The stock had previously closed at GBX 13.50.

Checkit Trading Down 2.6%

The firm has a market capitalization of £14.21 million, a price-to-earnings ratio of -8.22 and a beta of 0.24. The business has a 50-day moving average of GBX 17.87 and a two-hundred day moving average of GBX 19.93. The company has a quick ratio of 3.32, a current ratio of 1.13 and a debt-to-equity ratio of 2.63.

Checkit (LON:CKT) last posted its quarterly earnings results on Monday, September 28th. The company reported GBX (1.20) earnings per share for the quarter. Checkit had a negative return on equity of 20.00% and a negative net margin of 12.21%. Research analysts predict that Checkit plc will post -5.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kit Kyte purchased 618,745 shares of the stock in a transaction on Wednesday, September 30th. The shares were purchased at an average cost of GBX 16 per share, for a total transaction of £98,999.20. 28.09% of the stock is owned by company insiders.

About Checkit

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.