K3 Business Technology Group (LON:KBT) Reaches New 12-Month Low – What’s Next?

K3 Business Technology Group plc (LON:KBT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 61 ($0.79) and last traded at GBX 61 ($0.79), with a volume of 1324 shares changing hands. The stock had previously closed at GBX 64.50 ($0.84).

K3 Business Technology Group Stock Performance

The company has a market cap of £29.06 million, a PE ratio of -1,300.00 and a beta of 0.83. The company has a current ratio of 0.74, a quick ratio of 0.94 and a debt-to-equity ratio of 8.64. The business has a fifty day moving average of GBX 69.48 and a 200-day moving average of GBX 84.66.

Insider Buying and Selling at K3 Business Technology Group

In other news, insider Oliver Rupert Andrew Scott acquired 38,869 shares of the business’s stock in a transaction on Friday, September 20th. The shares were acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £27,208.30 ($35,285.05). In the last three months, insiders have bought 98,790 shares of company stock valued at $6,915,300. 35.48% of the stock is currently owned by corporate insiders.

About K3 Business Technology Group

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.