Checkit (LON:CKT) Shares Down 15.6% – What’s Next?

Shares of Checkit plc (LON:CKT) dropped 15.6% during mid-day trading on Wednesday . The company traded as low as GBX 11.40 ($0.15) and last traded at GBX 11.40 ($0.15). Approximately 389,744 shares traded hands during trading, an increase of 45% from the average daily volume of 268,504 shares. The stock had previously closed at GBX 13.50 ($0.18).

Checkit Stock Performance

The firm has a 50-day moving average price of GBX 14 and a two-hundred day moving average price of GBX 17.28. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.72 and a quick ratio of 3.32. The firm has a market capitalization of £14.85 million, a P/E ratio of -3.16 and a beta of 0.35.

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.