Checkit (LON:CKT) Hits New 52-Week Low – Here’s Why

Checkit plc (LON:CKT) shares reached a new 52-week low during trading on Friday. The stock traded as low as GBX 14 and last traded at GBX 14.50, with a volume of 101,072 shares traded. The stock had previously closed at GBX 15.

Checkit Stock Performance

The stock’s fifty day simple moving average is GBX 18.36 and its 200-day simple moving average is GBX 20.05. The company has a current ratio of 1.13, a quick ratio of 3.32 and a debt-to-equity ratio of 2.63. The company has a market capitalization of £15.66 million, a price-to-earnings ratio of -9.06 and a beta of 0.24.

Checkit (LON:CKT) last released its earnings results on Monday, September 28th. The company reported GBX (1.20) earnings per share for the quarter. Checkit had a negative return on equity of 20.00% and a negative net margin of 12.21%. Analysts predict that Checkit plc will post -5.07 EPS for the current year.

Insiders Place Their Bets

In other Checkit news, insider Kit Kyte bought 618,745 shares of Checkit stock in a transaction on Wednesday, September 30th. The stock was bought at an average price of GBX 16 per share, with a total value of £98,999.20. Corporate insiders own 28.09% of the company’s stock.

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.