Luceco plc (LON:LUCE) Insider Sells £4,710,000 in Stock

Luceco plc (LON:LUCE) insider John Hornby sold 3,000,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of GBX 157 ($2.05), for a total value of £4,710,000 ($6,150,430.92).

Luceco Stock Up 3.3 %

LON:LUCE opened at GBX 165.32 ($2.16) on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91. The stock’s fifty day moving average is GBX 153.33 and its two-hundred day moving average is GBX 162.25. Luceco plc has a 52 week low of GBX 97.37 ($1.27) and a 52 week high of GBX 195 ($2.55). The stock has a market capitalization of £254.97 million, a price-to-earnings ratio of 1,333.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29.

Luceco Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 1.70 ($0.02) per share. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, September 19th. Luceco’s dividend payout ratio is currently 4,166.67%.

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.