CMO Group (LON:CMO) Stock Price Up 21.1% – Here’s Why

CMO Group PLC (LON:CMO) shares traded up 21.1% during mid-day trading on Tuesday . The stock traded as high as GBX 3.21 ($0.04) and last traded at GBX 3.21 ($0.04). 259,554 shares changed hands during trading, a decline of 88% from the average session volume of 2,172,046 shares. The stock had previously closed at GBX 2.65 ($0.03).

CMO Group Stock Up 21.1 %

The company has a debt-to-equity ratio of 34.24, a current ratio of 0.61 and a quick ratio of 0.52. The company has a market capitalization of £2.18 million, a PE ratio of -0.88 and a beta of 0.37. The company has a 50-day moving average of GBX 5.54 and a two-hundred day moving average of GBX 10.74.

Insider Buying and Selling at CMO Group

In other CMO Group news, insider Kenneth Ford purchased 200,000 shares of the company’s stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of GBX 256 ($3.31) per share, for a total transaction of £512,000 ($661,584.18). Insiders own 43.29% of the company’s stock.

About CMO Group

CMO was founded in 2008 as Construction Materials Online by four individuals with a traditional merchants background who spotted an opportunity to disrupt what remains a predominantly offline sector by launching a dedicated online roofing merchant. Roofing Superstore made its first commercial sale in 2009.

Drainage Superstore was the second organic addition to the Group, making its first commercial sale in 2014 followed by a third organic addition, Insulation Superstore in 2015.