Checkit (LON:CKT) Sets New 52-Week High – Still a Buy?

Checkit plc (LON:CKT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 20 and last traded at GBX 19.22, with a volume of 760947 shares traded. The stock had previously closed at GBX 18.50.

Checkit Stock Up 3.9%

The firm has a fifty day simple moving average of GBX 15.83 and a 200 day simple moving average of GBX 15.18. The company has a debt-to-equity ratio of 2.48, a quick ratio of 3.32 and a current ratio of 1.72. The company has a market cap of £20.76 million, a PE ratio of -6.86 and a beta of 0.35.

Checkit (LON:CKT) last released its earnings results on Tuesday, August 26th. The company reported GBX (1.90) earnings per share (EPS) for the quarter. Checkit had a negative return on equity of 35.21% and a negative net margin of 36.15%. Equities research analysts predict that Checkit plc will post -5.0737653 EPS for the current year.

Insider Activity

In related news, insider Kit Kyte purchased 117,646 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was purchased at an average cost of GBX 17 per share, for a total transaction of £19,999.82. Also, insider Kristian (Kris) Shaw acquired 125,710 shares of Checkit stock in a transaction on Wednesday, September 24th. The shares were bought at an average price of GBX 16 per share, for a total transaction of £20,113.60. Insiders have acquired 941,353 shares of company stock valued at $14,031,192 over the last 90 days. 26.81% of the stock is currently owned by insiders.

About Checkit

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.