Insider Buying: Comms Group Limited (ASX:CCG) Insider Purchases A$48,000.00 in Stock

Comms Group Limited (ASX:CCG) insider Ryan O’Hare bought 1,000,000 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of A$0.05 ($0.03) per share, with a total value of A$48,000.00 ($30,188.68).

Ryan O’Hare also recently made the following trade(s):

• On Tuesday, March 11th, Ryan O’Hare acquired 1,000,000 shares of Comms Group stock. The shares were acquired at an average cost of A$0.05 ($0.03) per share, for a total transaction of A$54,000.00 ($33,962.26).
• On Monday, January 13th, Ryan O’Hare bought 200,000 shares of Comms Group stock. The stock was acquired at an average cost of A$0.08 ($0.05) per share, with a total value of A$16,000.00 ($10,062.89).

Comms Group Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.56 and a debt-to-equity ratio of 29.49. The firm has a market cap of $29.59 million, a PE ratio of -283.71 and a beta of 1.05.

Comms Group Announces Dividend

The business also recently declared a Interim dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.001 per share. The ex-dividend date is Thursday, March 27th. This represents a dividend yield of 2.12%.

About Comms Group

Comms Group Limited provides telecommunications and Information Technology (IT) services in Australia, New Zealand, Singapore, and internationally. It offers IT managed, cloud hosting, cloud communications, and unified communications services. The company was formerly known as CommsChoice Group Limited and changed its name to Comms Group Limited in November 2020.