Luceco (LON:LUCE) Stock Crosses Below 50-Day Moving Average – Here’s Why

Luceco plc (LON:LUCE) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 144.86 ($1.88) and traded as low as GBX 123.20 ($1.60). Luceco shares last traded at GBX 125 ($1.62), with a volume of 454,817 shares changing hands.

Luceco Trading Down 1.0 %

The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51. The stock has a market cap of £198.91 million, a P/E ratio of 10.43, a PEG ratio of 0.62 and a beta of 1.29. The firm’s fifty day moving average price is GBX 144.86 and its two-hundred day moving average price is GBX 139.47.

Luceco (LON:LUCE) last issued its quarterly earnings results on Wednesday, March 26th. The company reported GBX 12.50 ($0.16) earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.86% and a net margin of 8.41%. As a group, equities research analysts forecast that Luceco plc will post 12.5907591 EPS for the current year.

Luceco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 2.21%. This is a boost from Luceco’s previous dividend of $1.70. Luceco’s dividend payout ratio (DPR) is 42.13%.

About Luceco

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.