K3 Business Technology Group (LON:KBT) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of K3 Business Technology Group plc (LON:KBT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 80.20 ($1.09) and traded as low as GBX 37.55 ($0.51). K3 Business Technology Group shares last traded at GBX 40 ($0.54), with a volume of 1,167,285 shares.

K3 Business Technology Group Stock Down 20.0%

The firm’s 50-day simple moving average is GBX 56.99 and its 200 day simple moving average is GBX 80.20. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.94 and a current ratio of 0.74. The stock has a market capitalization of £17.87 million, a P/E ratio of -7.23 and a beta of 0.83.

Insider Buying and Selling

In other K3 Business Technology Group news, insider Oliver Rupert Andrew Scott purchased 13,274,493 shares of the business’s stock in a transaction on Friday, June 13th. The shares were purchased at an average cost of GBX 69 per share, with a total value of £9,159,400.17. 35.48% of the stock is owned by company insiders.

About K3 Business Technology Group

K3 Business Technology Group plc, together with its subsidiaries, provides computer software and consultancy services in the United Kingdom, the Netherlands, Ireland, rest of Europe, the Middle East, Asia, the United States, and internationally. It operates through K3 Products and Third-Party Solutions segments.