Kromek Group (LON:KMK) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Kromek Group plc (LON:KMK)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 8.23 and traded as high as GBX 12.49. Kromek Group shares last traded at GBX 11.98, with a volume of 2,631,117 shares changing hands.

Kromek Group Stock Up 4.2%

The business has a 50-day moving average of GBX 8.23 and a 200 day moving average of GBX 6.67. The company has a market capitalization of £78.45 million, a PE ratio of 19.96 and a beta of 0.94. The company has a debt-to-equity ratio of 24.90, a current ratio of 1.56 and a quick ratio of 0.82.

Insider Activity

In other news, insider Matthew Boyle bought 285,000 shares of the stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of GBX 7 per share, for a total transaction of £19,950. 8.23% of the stock is owned by company insiders.

Kromek Group Company Profile

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.