CloudCoCo Group (LON:CLCO) Releases Quarterly Earnings Results

CloudCoCo Group (LON:CLCO) posted its quarterly earnings data on Tuesday. The company reported GBX (0.03) earnings per share for the quarter, Digital Look Earnings reports. CloudCoCo Group had a return on equity of 538.46% and a net margin of 39.86%.

CloudCoCo Group Stock Down 14.3%

Shares of LON:CLCO traded down GBX 0.03 during trading hours on Friday, reaching GBX 0.15. The stock had a trading volume of 119,870 shares, compared to its average volume of 3,891,357. The company has a debt-to-equity ratio of 21.62, a quick ratio of 0.54 and a current ratio of 0.90. The firm’s 50 day moving average is GBX 0.20 and its 200-day moving average is GBX 0.17. The stock has a market capitalization of £1.40 million, a price-to-earnings ratio of 0.41 and a beta of 0.12. CloudCoCo Group has a 1 year low of GBX 0.10 and a 1 year high of GBX 0.40.

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.