Checkit (LON:CKT) Trading Down 3.7% – Should You Sell?

Checkit plc (LON:CKT) shares dropped 3.7% during mid-day trading on Tuesday . The stock traded as low as GBX 17.76 and last traded at GBX 17.81. Approximately 1,964,424 shares were traded during mid-day trading, an increase of 958% from the average daily volume of 185,612 shares. The stock had previously closed at GBX 18.50.

Checkit Price Performance

The firm has a market capitalization of £19.24 million, a P/E ratio of -6.36 and a beta of 0.35. The business’s 50-day simple moving average is GBX 19.31 and its 200 day simple moving average is GBX 17.53. The company has a quick ratio of 3.32, a current ratio of 1.72 and a debt-to-equity ratio of 2.48.

Insider Activity at Checkit

In other Checkit news, insider Kit Kyte bought 97,560 shares of Checkit stock in a transaction that occurred on Wednesday, December 17th. The shares were bought at an average price of GBX 21 per share, with a total value of £20,487.60. Over the last 90 days, insiders have acquired 205,072 shares of company stock worth $4,244,870. 27.51% of the stock is currently owned by company insiders.

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.