K3 Business Technology Group (LON:KBT) Shares Up 13.5% – What’s Next?

K3 Business Technology Group plc (LON:KBT) shot up 13.5% during mid-day trading on Friday . The stock traded as high as GBX 99.20 ($1.25) and last traded at GBX 90.80 ($1.14). 155,238 shares changed hands during mid-day trading, an increase of 1,126% from the average session volume of 12,664 shares. The stock had previously closed at GBX 80 ($1.01).

K3 Business Technology Group Stock Up 23.8 %

The company has a market capitalization of £44.24 million, a price-to-earnings ratio of -17.90 and a beta of 0.83. The firm’s 50-day simple moving average is GBX 81.20 and its 200-day simple moving average is GBX 73.64. The company has a debt-to-equity ratio of 8.64, a quick ratio of 0.94 and a current ratio of 0.74.

About K3 Business Technology Group

K3 Business Technology Group plc, together with its subsidiaries, provides computer software and consultancy services in the United Kingdom, the Netherlands, Ireland, rest of Europe, the Middle East, Asia, the United States, and internationally. It operates through K3 Products and Third-Party Solutions segments.