CMO Group (LON:CMO) Shares Down 8.7% – What’s Next?

CMO Group PLC (LON:CMO) dropped 8.7% during mid-day trading on Tuesday . The company traded as low as GBX 9.50 ($0.12) and last traded at GBX 9.50 ($0.12). Approximately 344,772 shares changed hands during mid-day trading, an increase of 1,774% from the average daily volume of 18,401 shares. The stock had previously closed at GBX 10.40 ($0.13).

CMO Group Stock Performance

The firm has a 50 day moving average of GBX 13.68 and a 200-day moving average of GBX 14.15. The company has a market cap of £6.62 million, a P/E ratio of -306.67 and a beta of 0.37. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 38.86.

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.