Checkit (LON:CKT) Stock Price Up 9.5% Following Insider Buying Activity

Checkit plc (LON:CKT)’s share price rose 9.5% during trading on Friday following insider buying activity. The stock traded as high as GBX 21.90 and last traded at GBX 21.90. Approximately 129,000 shares changed hands during trading, a decline of 24% from the average daily volume of 170,047 shares. The stock had previously closed at GBX 20.

Specifically, insider Kit Kyte bought 84,577 shares of the stock in a transaction on Thursday, December 18th. The stock was purchased at an average price of GBX 20 per share, for a total transaction of £16,915.40. Also, insider Kit Kyte bought 97,560 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was purchased at an average cost of GBX 21 per share, for a total transaction of £20,487.60.

Checkit Trading Up 8.7%

The company has a debt-to-equity ratio of 2.48, a current ratio of 1.72 and a quick ratio of 3.32. The business’s 50-day moving average is GBX 17.75 and its two-hundred day moving average is GBX 16.23. The firm has a market cap of £23.49 million, a P/E ratio of -7.77 and a beta of 0.35.

Checkit Company Profile

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.