CMO Group (LON:CMO) Shares Down 15.3% – Time to Sell?

Shares of CMO Group PLC (LON:CMO) fell 15.3% during mid-day trading on Friday . The company traded as low as GBX 3.60 ($0.05) and last traded at GBX 3.60 ($0.05). 189,501 shares were traded during trading, an increase of 129% from the average session volume of 82,734 shares. The stock had previously closed at GBX 4.25 ($0.05).

CMO Group Price Performance

The business has a 50-day moving average price of GBX 9.40 and a two-hundred day moving average price of GBX 12.67. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 34.24. The company has a market capitalization of £2.44 million, a price-to-earnings ratio of -0.99 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.