K3 Business Technology Group (LON:KBT) Trading Up 13.5% – Here’s What Happened

K3 Business Technology Group plc (LON:KBT) was up 13.5% during mid-day trading on Friday . The stock traded as high as GBX 99.20 ($1.25) and last traded at GBX 90.80 ($1.14). Approximately 155,238 shares changed hands during mid-day trading, an increase of 1,126% from the average daily volume of 12,664 shares. The stock had previously closed at GBX 80 ($1.01).

K3 Business Technology Group Trading Up 18.0 %

The company’s 50 day moving average price is GBX 80.98 and its two-hundred day moving average price is GBX 73.59. The company has a debt-to-equity ratio of 8.64, a current ratio of 0.74 and a quick ratio of 0.94. The stock has a market capitalization of £42.18 million, a PE ratio of -17.07 and a beta of 0.83.

K3 Business Technology Group Company Profile

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.