Kromek Group (LON:KMK) Stock Jumps 8% – Should You Buy?

Shares of Kromek Group plc (LON:KMK) rose 8% on Thursday. The company traded as high as GBX 6.50 and last traded at GBX 6.50. Approximately 697,596 shares were traded during trading, a decline of 64% from the average daily volume of 1,953,136 shares. The stock had previously closed at GBX 6.02.

Kromek Group Trading Up 8.0%

The company has a debt-to-equity ratio of 17.19, a quick ratio of 0.82 and a current ratio of 2.39. The firm has a market cap of £42.59 million, a price-to-earnings ratio of 3.25 and a beta of 1.34. The business has a fifty day simple moving average of GBX 7.59 and a 200-day simple moving average of GBX 8.77.

Kromek Group (LON:KMK) last released its quarterly earnings results on Monday, September 14th. The company reported GBX 0.40 earnings per share for the quarter. Kromek Group had a return on equity of 1.32% and a net margin of 2.70%.

Insiders Place Their Bets

In other Kromek Group news, insider Rakesh Sharma bought 145,454 shares of Kromek Group stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of GBX 7 per share, with a total value of £10,181.78. Over the last 90 days, insiders have purchased 418,959 shares of company stock worth $3,062,126. Insiders own 8.30% of the company’s stock.

About Kromek Group

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.