Kromek Group (LON:KMK) Stock Crosses Below 200 Day Moving Average – Here’s Why

Kromek Group plc (LON:KMK)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 9.59 and traded as low as GBX 7.91. Kromek Group shares last traded at GBX 8.20, with a volume of 857,216 shares.

Kromek Group Stock Down 1.5%

The firm has a fifty day moving average price of GBX 8.27 and a 200-day moving average price of GBX 9.57. The company has a quick ratio of 0.82, a current ratio of 4.23 and a debt-to-equity ratio of 13.73. The firm has a market cap of £54.88 million, a price-to-earnings ratio of 4.19 and a beta of 1.34.

Insiders Place Their Bets

In other Kromek Group news, insider Rakesh Sharma purchased 129,413 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of GBX 8 per share, with a total value of £10,353.04. Company insiders own 8.28% of the company’s stock.

Kromek Group Company Profile

Our goal is a simple one, to make the world a safer and healthier place; we’re striving to support the global effort in Radiological and Biological Threat detection and management, as well enhance the quality of Advanced Imaging for the medical and industrial sectors, through our evolved, innovative and field proven products and solutions.
Kromek Group designs, develops, manufactures and markets both hardware and software of CZT solid-state Radiation Detectors and Scintillation Radiation Detector components and products to OEM, Civil Nuclear, Security Sectors and Government Bodies across the globe.