CMO Group (LON:CMO) Trading Down 16.9% – What’s Next?

CMO Group PLC (LON:CMO) dropped 16.9% during mid-day trading on Tuesday . The company traded as low as GBX 8 ($0.10) and last traded at GBX 8 ($0.10). Approximately 104,522 shares changed hands during mid-day trading, an increase of 320% from the average daily volume of 24,880 shares. The stock had previously closed at GBX 9.63 ($0.12).

CMO Group Stock Down 16.9 %

The company has a debt-to-equity ratio of 38.86, a quick ratio of 0.52 and a current ratio of 0.61. The company’s 50-day moving average price is GBX 11.07 and its 200 day moving average price is GBX 13.26. The stock has a market capitalization of £5.76 million, a P/E ratio of -266.67 and a beta of 0.37.

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.