K3 Business Technology Group (LON:KBT) Shares Pass Above 200 Day Moving Average – Here’s Why

K3 Business Technology Group plc (LON:KBT)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 77.45 ($0.98) and traded as high as GBX 81.50 ($1.04). K3 Business Technology Group shares last traded at GBX 81.50 ($1.04), with a volume of 10,000 shares.

K3 Business Technology Group Trading Down 5.8 %

The firm’s 50 day moving average price is GBX 69.29 and its 200-day moving average price is GBX 77.45. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.74 and a quick ratio of 0.94. The stock has a market cap of £36.44 million, a P/E ratio of -1,630.00 and a beta of 0.83.

Insider Activity at K3 Business Technology Group

In related news, insider Oliver Rupert Andrew Scott purchased 8,576 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of GBX 70 ($0.89) per share, with a total value of £6,003.20 ($7,631.83). 35.48% of the stock is currently owned by 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.