K3 Business Technology Group (LON:KBT) Share Price Passes Below 200-Day Moving Average – Here’s Why

K3 Business Technology Group plc (LON:KBT) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 40.48 and traded as low as GBX 37.55. K3 Business Technology Group shares last traded at GBX 40, with a volume of 1,167,285 shares.

K3 Business Technology Group Stock Performance

The firm has a 50 day moving average price of GBX 40 and a two-hundred day moving average price of GBX 40.48. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.94 and a current ratio of 0.74. The company has a market capitalization of £17.87 million, a P/E ratio of -7.23 and a beta of 0.83.

K3 Business Technology Group Company Profile

K3 Business Technology Group plc, together with its subsidiaries, provides computer software and consultancy services in the United Kingdom, the Netherlands, Ireland, rest of Europe, the Middle East, Asia, the United States, and internationally. It operates through K3 Products and Third-Party Solutions segments. The company offers K3 fashion, a concept-to-consumer solution; K3 pebblestone for small brand owners and retailers; K3 imagine, a unified retail commerce system; K3 MStore, an sale system that manages ticketing, sales, membership, fundraising, event planning, and email marketing; K3 Business Planning, an integrated module that enables enterprises to define multiple budgets for various business areas; K3 ViJi; Microsoft Cloud for Retail solution; and Business Central, an end-to-end solution for managing various business processes, as well as NexSys.