CMO Group (LON:CMO) Reaches New 12-Month Low – Here’s Why

CMO Group PLC (LON:CMO) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 10.20 ($0.13) and last traded at GBX 10.40 ($0.13), with a volume of 107004 shares changing hands. The stock had previously closed at GBX 11 ($0.14).

CMO Group Price Performance

The business’s 50 day moving average price is GBX 13.98 and its 200-day moving average price is GBX 14.23. The company has a market cap of £7.48 million, a PE ratio of -346.67 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.