Kromek Group (LON:KMK) Share Price Passes Above 50 Day Moving Average – Here’s Why

Kromek Group plc (LON:KMK) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 7.20 and traded as high as GBX 8.65. Kromek Group shares last traded at GBX 8.50, with a volume of 1,508,859 shares changing hands.

Kromek Group Stock Performance

The company has a debt-to-equity ratio of 24.90, a quick ratio of 0.82 and a current ratio of 1.56. The stock has a market capitalization of £55.68 million, a P/E ratio of 14.17 and a beta of 0.94. The stock has a 50-day moving average price of GBX 7.20 and a two-hundred day moving average price of GBX 6.20.

Insiders Place Their Bets

In related news, insider Matthew Boyle acquired 285,000 shares of Kromek Group stock in a transaction on Friday, October 31st. The shares were acquired at an average cost of GBX 7 per share, with a total value of £19,950. 8.23% of the stock is currently owned by company insiders.

About Kromek Group

Our goal is a simple one, to make the world a safer and healthier place; we’re striving to support the global effort in Radiological and Biological Threat detection and management, as well enhance the quality of Advanced Imaging for the medical and industrial sectors, through our evolved, innovative and field proven products and solutions.
Kromek Group designs, develops, manufactures and markets both hardware and software of CZT solid-state Radiation Detectors and Scintillation Radiation Detector components and products to OEM, Civil Nuclear, Security Sectors and Government Bodies across the globe.