Kromek Group (LON:KMK) Shares Down 9% – Time to Sell?

Kromek Group plc (LON:KMK)’s share price was down 9% during mid-day trading on Tuesday . The stock traded as low as GBX 10.15 and last traded at GBX 10.15. Approximately 4,152,757 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 8,761,856 shares. The stock had previously closed at GBX 11.15.

Kromek Group Price Performance

The company’s 50 day moving average is GBX 7.42 and its 200 day moving average is GBX 6.30. The company has a current ratio of 1.56, a quick ratio of 0.82 and a debt-to-equity ratio of 24.90. The stock has a market capitalization of £67.08 million, a price-to-earnings ratio of 17.07 and a beta of 0.94.

Insider Buying and Selling at Kromek Group

In other news, insider Matthew Boyle bought 285,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of GBX 7 per share, with a total value of £19,950. Insiders own 8.23% of the company’s stock.

About Kromek Group

Our goal is a simple one, to make the world a safer and healthier place; we’re striving to support the global effort in Radiological and Biological Threat detection and management, as well enhance the quality of Advanced Imaging for the medical and industrial sectors, through our evolved, innovative and field proven products and solutions.
Kromek Group designs, develops, manufactures and markets both hardware and software of CZT solid-state Radiation Detectors and Scintillation Radiation Detector components and products to OEM, Civil Nuclear, Security Sectors and Government Bodies across the globe.