Kromek Group (LON:KMK) Shares Climb 8% – Here’s What Happened

Kromek Group plc (LON:KMK)’s share price traded up 8% on Thursday. The company traded as high as GBX 6.50 and last traded at GBX 6.50. 697,596 shares changed hands during trading, a decline of 64% from the average daily volume of 1,953,136 shares. The stock had previously closed at GBX 6.02.

Kromek Group Trading Up 8.0%

The firm has a market capitalization of £42.59 million, a price-to-earnings ratio of 3.25 and a beta of 1.34. The company has a debt-to-equity ratio of 17.19, a current ratio of 2.39 and a quick ratio of 0.82. The firm’s 50-day simple moving average is GBX 7.59 and its 200 day simple moving average is GBX 8.77.

Kromek Group (LON:KMK) last issued its earnings results on Monday, September 14th. The company reported GBX 0.40 earnings per share for the quarter. Kromek Group had a return on equity of 1.32% and a net margin of 2.70%.

Insider Transactions at Kromek Group

In related news, insider Rakesh Sharma acquired 145,454 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of GBX 7 per share, for a total transaction of £10,181.78. Insiders bought a total of 418,959 shares of company stock valued at $3,062,126 in the last quarter. Insiders own 8.30% 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.