Luceco (LON:LUCE) Trading Down 4.3% – Here’s What Happened

Luceco plc (LON:LUCE)’s share price dropped 4.3% during mid-day trading on Wednesday . The company traded as low as GBX 120 ($1.47) and last traded at GBX 120 ($1.47). Approximately 91,585 shares were traded during trading, an increase of 6% from the average daily volume of 86,642 shares. The stock had previously closed at GBX 125.40 ($1.53).

Luceco Trading Down 3.8 %

The stock has a 50 day simple moving average of GBX 129.07 and a 200-day simple moving average of GBX 146.52. The firm has a market capitalization of £178.91 million, a P/E ratio of 966.67, a P/E/G ratio of 0.62 and a beta of 1.29. The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 55.91.

Insider Buying and Selling at Luceco

In related news, insider Petrus R. M. Vervaat acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average cost of GBX 132 ($1.61) per share, for a total transaction of £66,000 ($80,586.08). Also, insider Will Hoy acquired 37,953 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of GBX 135 ($1.65) per share, with a total value of £51,236.55 ($62,559.89). Corporate insiders own 57.82% of the company’s stock.

Luceco Company Profile

Luceco plc manufactures and distributes wiring accessories and LED lighting and portable power products in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It offers wiring accessories, including switches and sockets, circuit protection products, outdoor wiring devices, junction boxes, cable management products, and commercial power and accessories under the British General and Nexus brands.