Checkit (LON:CKT) Sets New 52-Week Low – Here’s Why

Checkit plc (LON:CKT) reached a new 52-week low on Friday. The company traded as low as GBX 14 and last traded at GBX 14.50, with a volume of 101,072 shares changing hands. The stock had previously closed at GBX 15.

Checkit Price Performance

The business has a 50 day moving average price of GBX 18.23 and a 200-day moving average price of GBX 20.02. The company has a market capitalization of £15.66 million, a price-to-earnings ratio of -9.06 and a beta of 0.24. The company has a debt-to-equity ratio of 2.63, a quick ratio of 3.32 and a current ratio of 1.13.

Checkit (LON:CKT) last released its earnings results on Monday, September 28th. The company reported GBX (1.20) earnings per share (EPS) for the quarter. Checkit had a negative net margin of 12.21% and a negative return on equity of 20.00%. Research analysts predict that Checkit plc will post -5.07 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Kit Kyte bought 618,745 shares of the stock in a transaction dated Wednesday, September 30th. The shares were bought at an average cost of GBX 16 per share, with a total value of £98,999.20. Company insiders own 28.09% of the company’s stock.

About Checkit

Checkit optimizes the performance of people, processes and physical assets with connected digital solutions.

Our real-time workflow, monitoring and analytics services enable safe and productive work, efficient operations and data-driven insight to continually improve performance in large, complex organisations.

We streamline the work of frontline teams with Connected Workflow Management; protect critical assets with Connected Automated Monitoring and maximize building performance with Connected Building Management.

For over a decade, Checkit has been working with leaders, operational heads and frontline workers in retail, healthcare, life sciences, facilities management, catering, education, manufacturing, hospitality and commercial property.