Checkit (LON:CKT) Reaches New 52-Week High – Time to Buy?

Checkit plc (LON:CKT) hit a new 52-week high on Friday . The stock traded as high as GBX 22 and last traded at GBX 20.26, with a volume of 40966 shares changing hands. The stock had previously closed at GBX 21.

Checkit Stock Down 3.5%

The company has a current ratio of 1.72, a quick ratio of 3.32 and a debt-to-equity ratio of 2.48. The stock’s 50-day moving average price is GBX 16.82 and its 200-day moving average price is GBX 15.82. The company has a market cap of £21.88 million, a P/E ratio of -7.24 and a beta of 0.35.

Insider Transactions at Checkit

In other Checkit news, insider Kit Kyte bought 309,116 shares of the firm’s stock in a transaction dated Monday, October 27th. The stock was bought at an average cost of GBX 13 per share, with a total value of £40,185.08. Also, insider Kristian (Kris) Shaw bought 125,710 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was acquired at an average price of GBX 16 per share, for a total transaction of £20,113.60. Insiders have bought 1,133,711 shares of company stock valued at $373,933,010 over the last quarter. Corporate insiders own 26.81% of the company’s stock.

Checkit Company Profile

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.