Insider Buying: Comms Group Limited (ASX:CCG) Insider Acquires 1,000,000 Shares of Stock

Comms Group Limited (ASX:CCG) insider Ryan O’Hare purchased 1,000,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of A$0.05 ($0.03) per share, for a total transaction of A$54,000.00 ($34,394.90).

Ryan O’Hare also recently made the following trade(s):

• On Monday, January 13th, Ryan O’Hare purchased 200,000 shares of Comms Group stock. The shares were bought at an average cost of A$0.08 ($0.05) per share, for a total transaction of A$16,000.00 ($10,191.08).

Comms Group Stock Performance

The company has a debt-to-equity ratio of 29.49, a quick ratio of 0.56 and a current ratio of 0.68. The company has a market capitalization of $29.59 million, a price-to-earnings ratio of -283.71 and a beta of 1.05.

Comms Group Dividend Announcement

The firm also recently announced a Interim dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 23rd will be paid a $0.001 dividend. This represents a dividend yield of 2.12%. The ex-dividend date is Thursday, March 27th.

About Comms Group

Comms Group Limited provides telecommunications and Information Technology (IT) services in Australia, New Zealand, Singapore, and internationally. It offers IT managed, cloud hosting, cloud communications, and unified communications services. The company was formerly known as CommsChoice Group Limited and changed its name to Comms Group Limited in November 2020.