CMO Group (LON:CMO) Shares Up 75.6% – Time to Buy?

Shares of CMO Group PLC (LON:CMO) were up 75.6% on Wednesday . The company traded as high as GBX 2.59 ($0.03) and last traded at GBX 2.59 ($0.03). Approximately 635,077 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 2,493,900 shares. The stock had previously closed at GBX 1.48 ($0.02).

CMO Group Trading Down 2.0 %

The firm has a market cap of £1.69 million, a PE ratio of -0.69 and a beta of 0.37. The business has a 50-day moving average price of GBX 6.48 and a two-hundred day moving average price of GBX 11.37. The company has a debt-to-equity ratio of 34.24, a current ratio of 0.61 and a quick ratio of 0.52.

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.