CloudCoCo Group (LON:CLCO) Announces Quarterly Earnings Results

CloudCoCo Group (LON:CLCO) issued its quarterly earnings data on Tuesday. The company reported GBX 0.37 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 964 million for the quarter. CloudCoCo Group had a negative net margin of 32.08% and a negative return on equity of 98.72%.

CloudCoCo Group Stock Up 6.8%

LON CLCO traded up GBX 0.01 during midday trading on Thursday, hitting GBX 0.22. 5,609,744 shares of the company traded hands, compared to its average volume of 3,882,434. CloudCoCo Group has a 52 week low of GBX 0.07 and a 52 week high of GBX 0.44. The company’s 50-day simple moving average is GBX 0.15 and its 200-day simple moving average is GBX 0.18. The company has a market cap of £1.55 million, a PE ratio of 2.43 and a beta of 0.12. The company has a debt-to-equity ratio of 18.60, a current ratio of 1.02 and a quick ratio of 0.54.

About CloudCoCo Group

Cloudcoco specialise in managed IT services and are one of the UK’s leading experts for IT support services. We’re based in the UK with our main offices in Leeds and Warrington operating as one of the best IT support companies in the UK. We are fanatically passionate about our 24×7 managed IT support, and are a leading IT service provider. Our IT Helpdesk is always open to help with our clients with IT maintenance and serve our clients offering 100% customer satisfaction.

We provide business IT support, remote IT support and managed IT solutions to small businesses, enterprise customers and public sector organisations through frameworks such as YPO, Gcloud, Digital Outcomes and other government procurement frameworks.