CloudCoCo Group (LON:CLCO) Announces Quarterly Earnings Results

CloudCoCo Group (LON:CLCO) posted its earnings results on Tuesday. The company reported GBX (0.03) earnings per share for the quarter, Digital Look Earnings reports. CloudCoCo Group had a return on equity of 538.46% and a net margin of 39.86%.

CloudCoCo Group Trading Down 7.4%

Shares of CLCO traded down GBX 0.01 during trading hours on Thursday, hitting GBX 0.16. 465,440 shares of the stock were exchanged, compared to its average volume of 3,922,020. The business has a 50-day moving average of GBX 0.20 and a 200-day moving average of GBX 0.17. CloudCoCo Group has a fifty-two week low of GBX 0.10 and a fifty-two week high of GBX 0.40. The firm has a market capitalization of £1.52 million, a P/E ratio of 0.44 and a beta of 0.12. The company has a debt-to-equity ratio of 21.62, a current ratio of 0.90 and a quick ratio of 0.54.

About CloudCoCo Group

Cloudcoco specialise in managed IT services and are one of the UK’s leading experts for IT support services. We’re based in the UK with our main offices in Leeds and Warrington operating as one of the best IT support companies in the UK. We are fanatically passionate about our 24×7 managed IT support, and are a leading IT service provider. Our IT Helpdesk is always open to help with our clients with IT maintenance and serve our clients offering 100% customer satisfaction.

We provide business IT support, remote IT support and managed IT solutions to small businesses, enterprise customers and public sector organisations through frameworks such as YPO, Gcloud, Digital Outcomes and other government procurement frameworks.