Northamber (LON:NAR) Hits New 1-Year Low – Here’s What Happened

Shares of Northamber plc (LON:NAR) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 24.40 and last traded at GBX 24.64, with a volume of 5949 shares changing hands. The stock had previously closed at GBX 27.

Northamber Stock Down 8.7%

The company’s 50-day moving average price is GBX 28.03 and its 200-day moving average price is GBX 29.81. The firm has a market cap of £6.68 million, a price-to-earnings ratio of -1.77 and a beta of -0.10.

Northamber (LON:NAR) last announced its earnings results on Friday, March 20th. The company reported GBX (1.38) earnings per share (EPS) for the quarter. Northamber had a negative return on equity of 21.33% and a negative net margin of 5.40%.

Insiders Place Their Bets

In other Northamber news, insider Kris Grimwood bought 14,573 shares of Northamber stock in a transaction on Friday, May 15th. The shares were bought at an average price of GBX 15 per share, for a total transaction of £2,185.95. Insiders own 78.28% of the company’s stock.

Northamber Company Profile

Northamber plc, together with its subsidiaries, engages in the supply of computer hardware, computer printers and peripheral products, computer telephony products, and other electronic transmission equipment in the United Kingdom. The company offers audio visual products, such as collaboration and conferencing, connectivity and control, interactive displays, lighting, live solutions, professional audio and displays, projection, and security and thermal solutions; and computer accessories and components, dictation, disk and memory, laptop/desktop PCs, mice and keyboards, monitors, tablets and virtual desktop.