Trakm8 (LON:TRAK) Stock Price Down 36.8% – Here’s Why

Trakm8 Holdings PLC (LON:TRAKGet Free Report)’s stock price dropped 36.8% during trading on Wednesday . The company traded as low as GBX 3 ($0.04) and last traded at GBX 3 ($0.04). Approximately 155,494 shares traded hands during mid-day trading, an increase of 425% from the average daily volume of 29,621 shares. The stock had previously closed at GBX 4.75 ($0.06).

Trakm8 Price Performance

The company has a 50 day moving average of GBX 4.68 and a 200 day moving average of GBX 5.64. The stock has a market capitalization of £1.15 million, a price-to-earnings ratio of -0.95 and a beta of 0.70. The company has a quick ratio of 1.00, a current ratio of 0.70 and a debt-to-equity ratio of 38.96.

Trakm8 Company Profile

(Get Free Report)

Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its telematics-based solutions; these score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.

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