Kromek Group (LON:KMK) Trading Up 16.3% After Insider Buying Activity

Kromek Group plc (LON:KMK)’s stock price rose 16.3% during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as GBX 8.50 and last traded at GBX 8.40. Approximately 1,524,232 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 2,090,123 shares. The stock had previously closed at GBX 7.22.

Specifically, insider Rakesh Sharma purchased 129,413 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of GBX 8 per share, for a total transaction of £10,353.04.

Kromek Group Price Performance

The company has a market capitalization of £55.05 million, a PE ratio of 4.20 and a beta of 1.34. The company has a quick ratio of 0.82, a current ratio of 4.23 and a debt-to-equity ratio of 13.73. The firm’s 50-day moving average is GBX 8.39 and its 200-day moving average is GBX 9.86.

Kromek Group Company Profile

Our goal is a simple one, to make the world a safer and healthier place; we’re striving to support the global effort in Radiological and Biological Threat detection and management, as well enhance the quality of Advanced Imaging for the medical and industrial sectors, through our evolved, innovative and field proven products and solutions.
Kromek Group designs, develops, manufactures and markets both hardware and software of CZT solid-state Radiation Detectors and Scintillation Radiation Detector components and products to OEM, Civil Nuclear, Security Sectors and Government Bodies across the globe.