Docebo (TSE:DCBO) Shares Down 0.9% – Here’s Why

Shares of Docebo Inc. (TSE:DCBO) dropped 0.9% on Tuesday . The company traded as low as C$25.04 and last traded at C$25.56. Approximately 136,458 shares changed hands during trading, an increase of 19% from the average daily volume of 114,719 shares. The stock had previously closed at C$25.79.

Docebo Trading Down 0.9%

The firm’s 50 day simple moving average is C$28.28 and its 200-day simple moving average is C$34.39. The company has a market capitalization of C$734.47 million, a PE ratio of 35.01 and a beta of 0.30. The company has a quick ratio of 3.25, a current ratio of 1.13 and a debt-to-equity ratio of 4.50.

Docebo Company Profile

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.