Checkit (LON:CKT) Stock Price Down 1.8% – Here’s What Happened

Shares of Checkit plc (LON:CKT) were down 1.8% during trading on Thursday . The company traded as low as GBX 15.71 ($0.21) and last traded at GBX 15.71 ($0.21). Approximately 3,598 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 216,779 shares. The stock had previously closed at GBX 16 ($0.22).

Checkit Stock Down 1.8%

The business’s 50 day moving average is GBX 14.05 and its 200 day moving average is GBX 15.56. The company has a market capitalization of £16.97 million, a price-to-earnings ratio of -3.61 and a beta of 0.35. The company has a debt-to-equity ratio of 2.48, a quick ratio of 3.32 and a current ratio of 1.72.

Checkit (LON:CKT) last released its earnings results on Thursday, April 24th. The company reported GBX (2.90) (($0.04)) 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 year.

Insiders Place Their Bets

In other Checkit news, insider Kit Kyte acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was acquired at an average cost of GBX 15 ($0.20) per share, for a total transaction of £15,000 ($20,422.06). In the last 90 days, insiders bought 497,925 shares of company stock valued at $7,025,079. 55.40% 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.

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.