K3 Business Technology Group (LON:KBT) Stock Falls 20% – Here’s Why

K3 Business Technology Group plc (LON:KBT) shares were down 20% during mid-day trading on Tuesday. The stock traded as low as GBX 37.55 and last traded at GBX 40. 1,167,285 shares were traded during trading, an increase of 325% from the average daily volume of 274,830 shares. The stock had previously closed at GBX 50.

K3 Business Technology Group Trading Down 20.0%

The company has a market capitalization of £17.87 million, a P/E ratio of -7.23 and a beta of 0.83. The stock’s 50 day moving average is GBX 40 and its 200-day moving average is GBX 40. The company has a debt-to-equity ratio of 2.48, a current ratio of 2.04 and a quick ratio of 0.94.

About K3 Business Technology Group

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.