CloudCoCo Group (LON:CLCO) Releases Earnings Results

CloudCoCo Group (LON:CLCO) issued its quarterly earnings data on Tuesday. The company reported GBX (0.03) EPS for the quarter, Digital Look Earnings reports. CloudCoCo Group had a net margin of 39.86% and a return on equity of 538.46%. The firm had revenue of GBX 440 million for the quarter.

CloudCoCo Group Stock Performance

LON:CLCO opened at GBX 0.20 on Tuesday. The business’s 50-day moving average price is GBX 0.20 and its two-hundred day moving average price is GBX 0.17. CloudCoCo Group has a twelve month low of GBX 0.10 and a twelve month high of GBX 0.40. The stock has a market cap of £1.87 million, a P/E ratio of 0.54 and a beta of 0.12. The company has a quick ratio of 0.54, a current ratio of 0.90 and a debt-to-equity ratio of 21.62.

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.