CMO Group (LON:CMO) Stock Price Down 88% – Here’s Why

CMO Group PLC (LON:CMO) shares fell 88% on Thursday . The stock traded as low as GBX 0.33 ($0.00) and last traded at GBX 0.50 ($0.01). 9,505,938 shares were traded during trading, an increase of 2,998% from the average session volume of 306,828 shares. The stock had previously closed at GBX 4.15 ($0.05).

CMO Group Price Performance

The stock has a market capitalization of £661,585.69, a P/E ratio of -0.27 and a beta of 0.37. The business’s 50 day simple moving average is GBX 8.59 and its two-hundred day simple moving average is GBX 12.37. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 34.24.

CMO Group Company Profile

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.