K3 Business Technology Group (LON:KBT) Stock Price Passes Above 50 Day Moving Average of $180.77

K3 Business Technology Group plc (LON:KBT)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 180.77 ($2.36) and traded as high as GBX 190.20 ($2.48). K3 Business Technology Group shares last traded at GBX 190.20 ($2.48), with a volume of 976 shares traded.

The stock has a market capitalization of £85.44 million and a PE ratio of -3.87. The company has a fifty day simple moving average of GBX 181.11. The company has a current ratio of 0.76, a quick ratio of 0.53 and a debt-to-equity ratio of 50.49.

In other news, insider Marco Vergani purchased 5,000 shares of the firm’s stock in a transaction dated Friday, April 30th. The shares were purchased at an average price of GBX 183 ($2.39) per share, with a total value of £9,150 ($11,954.53). Also, insider Oliver Rupert Andrew Scott purchased 1,500 shares of the firm’s stock in a transaction dated Friday, May 28th. The stock was purchased at an average cost of GBX 190 ($2.48) per share, for a total transaction of £2,850 ($3,723.54). In the last ninety days, insiders bought 34,612 shares of company stock worth $6,203,936.

About K3 Business Technology Group (LON:KBT)

K3 Business Technology Group plc, together with its subsidiaries, provides mission-critical software and cloud solutions to the supply chain sector primarily in the United Kingdom. It operates through three segments: Own IP, Global Accounts, and Third-Party Products. The company offers K3|imagine, a cloud-native, ERP agnostic, and commerce and data platform; K3|fashion, a concept-to-consumer solution; K3|dataswitch, an integration engine; and K3|pebblestone, as well as SYSPRO and Sage products.

Further Reading: Guidelines for Successful Channel Trading

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