Kromek Group (LON:KMK) Shares Break Below 200 Day Moving Average – What’s Next?

Kromek Group plc (LON:KMK) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 8.44 and traded as low as GBX 5.50. Kromek Group shares last traded at GBX 5.62, with a volume of 507,736 shares.

Kromek Group Stock Performance

The company’s 50-day moving average is GBX 7.10 and its two-hundred day moving average is GBX 8.44. The company has a quick ratio of 0.82, a current ratio of 2.39 and a debt-to-equity ratio of 17.19. The company has a market cap of £36.81 million, a P/E ratio of 56.18 and a beta of 1.34.

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

Insider Activity

In other Kromek Group news, insider Rakesh Sharma purchased 145,454 shares of the stock in a transaction dated Tuesday, September 15th. The shares were bought at an average price of GBX 7 per share, with a total value of £10,181.78. Insiders have purchased a total of 418,959 shares of company stock valued at $3,062,126 over the last 90 days. Insiders own 8.34% of the company’s stock.

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.