K3 Business Technology Group (LON:KBT) Shares Down 1.4%

K3 Business Technology Group plc (LON:KBT)’s stock price dropped 1.4% on Monday . The company traded as low as GBX 102 ($1.28) and last traded at GBX 102 ($1.28). Approximately 12,553 shares were traded during trading, an increase of 41% from the average daily volume of 8,897 shares. The stock had previously closed at GBX 103.50 ($1.30).

K3 Business Technology Group Price Performance

The stock has a market cap of £45.62 million, a price-to-earnings ratio of -2,040.00 and a beta of 0.83. The company has a current ratio of 0.92, a quick ratio of 0.94 and a debt-to-equity ratio of 3.65. The company’s fifty day moving average is GBX 105.80 and its two-hundred day moving average is GBX 110.63.

Insider Activity

In other news, insider Oliver Rupert Andrew Scott bought 28,924 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were purchased at an average price of GBX 106 ($1.33) per share, with a total value of £30,659.44 ($38,516.88). Insiders own 35.96% of the company’s stock.

K3 Business Technology Group Company Profile

K3 Business Technology Group plc, together with its subsidiaries, provides computer software and consultancy services primarily in the United Kingdom. It operates through K3 Products and Third-Party Products segments. The company offers K3|imagine, a cloud-native and technology agnostic platform; K3|fashion, a concept-to-consumer solution; K3|dataswitch, a real-time orchestration; K3|ViJi; K3|pebblestone; and K3 Legacy Solutions, as well as SYSPRO.