CMO Group (LON:CMO) Trading Up 50% – Time to Buy?

CMO Group PLC (LON:CMO) shares shot up 50% during trading on Thursday . The company traded as high as GBX 12.50 ($0.17) and last traded at GBX 5.25 ($0.07). 1,250,178 shares traded hands during trading, a decline of 42% from the average session volume of 2,161,733 shares. The stock had previously closed at GBX 3.50 ($0.05).

CMO Group Stock Performance

The company has a market cap of £3.56 million, a PE ratio of -1.45 and a beta of 0.37. The stock has a 50 day simple moving average of GBX 3.79 and a two-hundred day simple moving average of GBX 9.54. The company has a debt-to-equity ratio of 34.24, a current ratio of 0.61 and a quick ratio of 0.52.

Insider Buying and Selling at CMO Group

In related news, insider Kenneth Ford bought 200,000 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were bought at an average cost of GBX 256 ($3.40) per share, for a total transaction of £512,000 ($679,315.38). 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.