Checkit (LON:CKT) Shares Up 5.9% – Here’s What Happened

Checkit plc (LON:CKT)’s stock price shot up 5.9% during trading on Wednesday . The stock traded as high as GBX 18 ($0.23) and last traded at GBX 18 ($0.23). 1,235,195 shares traded hands during mid-day trading, an increase of 950% from the average session volume of 117,625 shares. The stock had previously closed at GBX 17 ($0.22).

Checkit Stock Performance

The company’s fifty day simple moving average is GBX 20.87 and its 200 day simple moving average is GBX 23.10. The company has a current ratio of 1.72, a quick ratio of 3.32 and a debt-to-equity ratio of 2.48. The stock has a market capitalization of £21.82 million, a P/E ratio of -520.50 and a beta of 0.35.

Insider Buying and Selling at Checkit

In other news, insider Keith Anthony Daley purchased 137,138 shares of the business’s stock in a transaction on Monday, September 16th. The stock was purchased at an average cost of GBX 21 ($0.27) per share, with a total value of £28,798.98 ($37,347.92). Insiders own 55.40% of the company’s stock.

About Checkit

Checkit plc provides cloud-based services through intelligent operations management platforms for deskless workforces in the United Kingdom and the Americas. The company offers software-as-a-service for connected workflow management, automated monitoring and building energy management, Internet of things, and operational insight-based products and services.