CMO Group (LON:CMO) Trading 21.1% Higher – Time to Buy?

CMO Group PLC (LON:CMO)’s stock price traded up 21.1% during trading on Tuesday . The company traded as high as GBX 3.21 ($0.04) and last traded at GBX 3.21 ($0.04). 259,554 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,172,046 shares. The stock had previously closed at GBX 2.65 ($0.03).

CMO Group Trading Up 50.0 %

The firm has a market cap of £3.56 million, a price-to-earnings ratio of -1.45 and a beta of 0.37. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.52 and a current ratio of 0.61. The company has a 50 day moving average price of GBX 5.33 and a 200 day moving average price of GBX 10.63.

Insider Buying and Selling at CMO Group

In other news, insider Kenneth Ford bought 200,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were bought at an average price of GBX 256 ($3.30) per share, with a total value of £512,000 ($659,199.18). 43.29% of the stock is currently owned by corporate insiders.

About CMO Group

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.