KDA Group (CVE:KDA) Trading Down 15% – Here’s Why

Shares of KDA Group Inc. (CVE:KDA) dropped 15% during mid-day trading on Friday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 101,971 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 95,808 shares. The stock had previously closed at C$0.20.

KDA Group Stock Performance

The company has a current ratio of 2.10, a quick ratio of 0.35 and a debt-to-equity ratio of 7.36. The stock’s fifty day simple moving average is C$0.24 and its 200 day simple moving average is C$0.26. The company has a market cap of C$33.25 million, a price-to-earnings ratio of -4.36 and a beta of 0.40.

KDA Group Company Profile

KDA Group Inc, together with its subsidiaries, provides solutions and services to pharmacies and pharmaceutical companies in Canada. The company operates through three segments: Pharmacy Services, Pharmaceutical Solutions, and Technology. It provides pharmacy staff replacement services, professional and continued medical training services, pharmacy re-engineering services, and pharmaceutical training services. The company also offers PREDICTIVE e-Prescriber software for assisting doctors; and KRx, a cloud-based solution that analyzes each user's prescription pattern and displays the appropriate expected medication.