CMO Group (LON:CMO) Stock Price Down 12.3% – What’s Next?

CMO Group PLC (LON:CMO) dropped 12.3% on Thursday . The stock traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.50 ($0.03). Approximately 227,775 shares traded hands during trading, a decline of 91% from the average daily volume of 2,483,252 shares. The stock had previously closed at GBX 2.85 ($0.04).

CMO Group Stock Performance

The stock has a market cap of £1.69 million, a P/E ratio of -0.69 and a beta of 0.37. The firm has a 50 day moving average of GBX 6.34 and a two-hundred day moving average of GBX 11.29. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.52 and a current ratio of 0.61.

CMO Group Company Profile

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.