K3 Business Technology Group (LON:KBT) Reaches New 1-Year Low – Should You Sell?

Shares of K3 Business Technology Group plc (LON:KBT) reached a new 52-week low during trading on Monday . The company traded as low as GBX 61 ($0.78) and last traded at GBX 61 ($0.78), with a volume of 4404 shares traded. The stock had previously closed at GBX 66.50 ($0.86).

K3 Business Technology Group Stock Down 6.0 %

The business’s 50 day moving average is GBX 68.45 and its 200 day moving average is GBX 81.97. The company has a market capitalization of £27.94 million, a price-to-earnings ratio of -1,250.00 and a beta of 0.83. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.94 and a current ratio of 0.74.

Insider Activity

In related news, insider Oliver Rupert Andrew Scott purchased 25,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of GBX 70 ($0.90) per share, for a total transaction of £17,500 ($22,519.62). In the last quarter, insiders have bought 98,790 shares of company stock valued at $6,915,300. 35.48% of the stock is currently owned by insiders.

K3 Business Technology Group Company Profile

K3 Business Technology Group plc, together with its subsidiaries, provides computer software and consultancy services in the United Kingdom, the Netherlands, Ireland, rest of Europe, the Middle East, Asia, the United States, and internationally. It operates through K3 Products and Third-Party Solutions segments.