CMO Group (LON:CMO) Shares Down 12.3% – Should You Sell?

CMO Group PLC (LON:CMO) dropped 12.3% during mid-day trading on Thursday . The company traded as low as GBX 2.50 ($0.03) and last traded at GBX 2.50 ($0.03). Approximately 227,775 shares were traded during mid-day 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 firm’s fifty day moving average is GBX 6.61 and its 200 day moving average is GBX 11.45. The firm has a market capitalization of £1.69 million, a price-to-earnings ratio of -0.69 and a beta of 0.37. The company has a debt-to-equity ratio of 34.24, a current ratio of 0.61 and a quick ratio of 0.52.

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.