Checkit (LON:CKT) Hits New 12-Month Low – What’s Next?

Checkit plc (LON:CKT)’s share price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 13 and last traded at GBX 13.15, with a volume of 78,068 shares. The stock had previously closed at GBX 13.50.

Checkit Stock Performance

The firm’s fifty day moving average is GBX 17.87 and its 200 day moving average is GBX 19.93. The firm has a market capitalization of £14.21 million, a price-to-earnings ratio of -8.22 and a beta of 0.24. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.13 and a quick ratio of 3.32.

Checkit (LON:CKT) last released its quarterly earnings data on Monday, September 28th. The company reported GBX (1.20) EPS for the quarter. Checkit had a negative return on equity of 20.00% and a negative net margin of 12.21%. On average, analysts predict that Checkit plc will post -5.07 EPS for the current fiscal year.

Insider Activity

In other news, insider Kit Kyte bought 618,745 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average cost of GBX 16 per share, for a total transaction of £98,999.20. Corporate insiders own 28.09% of the company’s stock.

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.