CMO Group (LON:CMO) Trading Down 8.7% – Here’s What Happened

Shares of CMO Group PLC (LON:CMO) traded down 8.7% on Tuesday . The stock traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). 344,772 shares were traded during trading, an increase of 1,774% from the average session volume of 18,401 shares. The stock had previously closed at GBX 10.40 ($0.13).

CMO Group Price Performance

The stock has a fifty day moving average of GBX 13.90 and a 200-day moving average of GBX 14.21. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 38.86. The stock has a market capitalization of £6.66 million, a price-to-earnings ratio of -308.33 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.