K3 Business Technology Group (LON:KBT) Reaches New 1-Year Low – Here’s What Happened

K3 Business Technology Group plc (LON:KBT) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 61.07 ($0.79) and last traded at GBX 61.07 ($0.79), with a volume of 481 shares changing hands. The stock had previously closed at GBX 64.50 ($0.84).

K3 Business Technology Group Price Performance

The company has a quick ratio of 0.94, a current ratio of 0.74 and a debt-to-equity ratio of 8.64. The stock’s 50 day moving average is GBX 70.22 and its 200 day moving average is GBX 85.90. The firm has a market cap of £28.84 million, a price-to-earnings ratio of -1,290.00 and a beta of 0.83.

Insiders Place Their Bets

In related news, insider Oliver Rupert Andrew Scott purchased 38,869 shares of K3 Business Technology Group stock in a transaction dated Friday, September 20th. The stock was acquired at an average cost of GBX 70 ($0.91) per share, with a total value of £27,208.30 ($35,326.28). In the last quarter, insiders have purchased 98,790 shares of company stock worth $6,915,300. Company insiders own 35.48% of the company’s stock.

About K3 Business Technology Group

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.