Luceco (LON:LUCE) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Luceco plc (LON:LUCE) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 153.37 ($1.95) and traded as low as GBX 128.20 ($1.63). Luceco shares last traded at GBX 128.80 ($1.64), with a volume of 78,770 shares changing hands.

Luceco Stock Up 0.8 %

The business’s fifty day moving average price is GBX 137.10 and its two-hundred day moving average price is GBX 153.37. 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 firm has a market capitalization of £200.19 million, a P/E ratio of 1,073.33, a PEG ratio of 0.62 and a beta of 1.29.

Insider Buying and Selling at Luceco

In related news, insider John Hornby sold 3,000,000 shares of Luceco stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of GBX 157 ($2.00), for a total value of £4,710,000 ($5,987,795.58). Also, insider Petrus R. M. Vervaat bought 50,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were bought at an average cost of GBX 132 ($1.68) per share, for a total transaction of £66,000 ($83,905.42). 57.82% of the stock is owned by insiders.

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.