CMO Group (LON:CMO) Trading Up 75.6% – Here’s Why

Shares of CMO Group PLC (LON:CMO) traded up 75.6% during mid-day trading on Wednesday . The stock traded as high as GBX 2.59 ($0.03) and last traded at GBX 2.59 ($0.03). 635,077 shares were traded during mid-day trading, a decline of 75% from the average session volume of 2,493,900 shares. The stock had previously closed at GBX 1.48 ($0.02).

CMO Group Trading Up 69.5 %

The stock has a market cap of £1.69 million, a price-to-earnings ratio of -0.69 and a beta of 0.37. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.52 and a current ratio of 0.61. The company has a 50 day moving average of GBX 6.74 and a 200-day moving average of GBX 11.54.

CMO Group Company Profile

CMO was founded in 2008 as Construction Materials Online by four individuals with a traditional merchants background who spotted an opportunity to disrupt what remains a predominantly offline sector by launching a dedicated online roofing merchant. Roofing Superstore made its first commercial sale in 2009.

Drainage Superstore was the second organic addition to the Group, making its first commercial sale in 2014 followed by a third organic addition, Insulation Superstore in 2015.