Checkit (LON:CKT) Trading Up 9.5% on Insider Buying Activity

Checkit plc (LON:CKT)’s stock price rose 9.5% during trading on Friday after an insider bought additional shares in the company. The company traded as high as GBX 21.90 and last traded at GBX 21.90. Approximately 129,000 shares were traded during trading, a decline of 24% from the average daily volume of 170,047 shares. The stock had previously closed at GBX 20.

Specifically, insider Kit Kyte purchased 84,577 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were bought at an average price of GBX 20 per share, for a total transaction of £16,915.40. Also, insider Kit Kyte acquired 97,560 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of GBX 21 per share, with a total value of £20,487.60.

Checkit Stock Performance

The company has a debt-to-equity ratio of 2.48, a current ratio of 1.72 and a quick ratio of 3.32. The stock has a market cap of £23.49 million, a P/E ratio of -7.77 and a beta of 0.35. The stock has a 50-day simple moving average of GBX 17.75 and a 200-day simple moving average of GBX 16.23.

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.