Luceco (LON:LUCE) Trading Up 15.7% – Here’s Why

Shares of Luceco plc (LON:LUCE) traded up 15.7% during trading on Thursday . The company traded as high as GBX 144.80 ($1.78) and last traded at GBX 144.80 ($1.78). 1,041,821 shares were traded during mid-day trading, an increase of 281% from the average session volume of 273,346 shares. The stock had previously closed at GBX 125.20 ($1.54).

Luceco Price Performance

The company’s 50 day moving average price is GBX 127.43 and its 200 day moving average price is GBX 144.21. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18. The company has a market cap of £218.36 million, a price-to-earnings ratio of 1,179.83, a P/E/G ratio of 0.62 and a beta of 1.29.

Insider Buying and Selling at Luceco

In related news, insider Petrus R. M. Vervaat purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of GBX 132 ($1.63) per share, with a total value of £66,000 ($81,250.77). Also, insider Will Hoy acquired 37,953 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of GBX 135 ($1.66) per share, with a total value of £51,236.55 ($63,075.90). Corporate insiders own 57.82% of the company’s stock.

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.