CMO Group (LON:CMO) Trading Down 88% – What’s Next?

CMO Group PLC (LON:CMO)’s share price fell 88% during trading on Thursday . The company traded as low as GBX 0.33 ($0.00) and last traded at GBX 0.50 ($0.01). 9,505,938 shares changed hands during mid-day trading, an increase of 2,998% from the average session volume of 306,828 shares. The stock had previously closed at GBX 4.15 ($0.05).

CMO Group Trading Down 3.4 %

The company has a 50 day moving average price of GBX 8.07 and a two-hundred day moving average price of GBX 12.19. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.52 and a current ratio of 0.61. The firm has a market capitalization of £867,653.36, a price-to-earnings ratio of -0.35 and a beta of 0.37.

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.