K3 Business Technology Group (LON:KBT) Reaches New 12-Month Low – What’s Next?

K3 Business Technology Group plc (LON:KBT) reached a new 52-week low on Tuesday . The company traded as low as GBX 61 ($0.79) and last traded at GBX 61 ($0.79), with a volume of 1324 shares trading hands. The stock had previously closed at GBX 64.50 ($0.84).

K3 Business Technology Group Stock Down 2.3 %

The stock has a 50-day simple moving average of GBX 69.48 and a two-hundred day simple moving average of GBX 84.66. The company has a quick ratio of 0.94, a current ratio of 0.74 and a debt-to-equity ratio of 8.64. The firm has a market cap of £29.06 million, a PE ratio of -1,300.00 and a beta of 0.83.

Insider Buying and Selling at K3 Business Technology Group

In related news, insider Oliver Rupert Andrew Scott acquired 26,345 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were purchased at an average price of GBX 70 ($0.91) per share, for a total transaction of £18,441.50 ($23,915.83). Insiders have bought 98,790 shares of company stock worth $6,915,300 over the last 90 days. Corporate insiders own 35.48% of the company’s stock.

About K3 Business Technology Group

K3 Business Technology Group plc, together with its subsidiaries, provides computer software and consultancy services in the United Kingdom, the Netherlands, Ireland, rest of Europe, the Middle East, Asia, the United States, and internationally. It operates through K3 Products and Third-Party Solutions segments.