Trakm8 (LON:TRAK) Stock Passes Below 200 Day Moving Average – Here’s Why

Trakm8 Holdings PLC (LON:TRAK) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 6.37 ($0.08) and traded as low as GBX 4.75 ($0.06). Trakm8 shares last traded at GBX 4.95 ($0.06), with a volume of 1,600 shares traded.

Trakm8 Price Performance

The company has a market capitalization of £2.47 million, a P/E ratio of -165.00 and a beta of 0.70. The company has a quick ratio of 1.00, a current ratio of 0.70 and a debt-to-equity ratio of 38.96. The business has a 50 day simple moving average of GBX 5.10 and a 200-day simple moving average of GBX 6.37.

Trakm8 (LON:TRAK) last issued its quarterly earnings results on Thursday, December 5th. The company reported GBX 0.30 ($0.00) earnings per share for the quarter. Trakm8 had a negative net margin of 7.53% and a negative return on equity of 6.53%. Analysts predict that Trakm8 Holdings PLC will post 4.2424242 EPS for the current fiscal year.

Trakm8 Company Profile

Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its telematics-based solutions; these score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.