CloudCoCo Group (LON:CLCO) Issues Quarterly Earnings Results

CloudCoCo Group (LON:CLCO) announced its quarterly earnings results on Tuesday. The company reported GBX (0.03) earnings per share (EPS) for the quarter, Digital Look Earnings reports. CloudCoCo Group had a net margin of 2.63% and a return on equity of 58.02%.

CloudCoCo Group Trading Down 14.3%

CLCO traded down GBX 0.03 during midday trading on Friday, hitting GBX 0.15. 119,870 shares of the company were exchanged, compared to its average volume of 3,891,357. The firm’s 50 day moving average price is GBX 0.20 and its 200-day moving average price is GBX 0.17. CloudCoCo Group has a 1-year low of GBX 0.10 and a 1-year high of GBX 0.40. The firm has a market capitalization of £1.40 million, a P/E ratio of 0.41 and a beta of 0.12. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 22.05.

About CloudCoCo Group

Cloudcoco specialise in managed IT services and are one of the UK’s leading experts for IT support services. We’re based in the UK with our main offices in Leeds and Warrington operating as one of the best IT support companies in the UK. We are fanatically passionate about our 24×7 managed IT support, and are a leading IT service provider. Our IT Helpdesk is always open to help with our clients with IT maintenance and serve our clients offering 100% customer satisfaction.

We provide business IT support, remote IT support and managed IT solutions to small businesses, enterprise customers and public sector organisations through frameworks such as YPO, Gcloud, Digital Outcomes and other government procurement frameworks.