Luceco PLC (LON:LUCE) Insider Buys £18,053.28 in Stock

Luceco PLC (LON:LUCE) insider Will Hoy acquired 22,288 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of GBX 81 ($1.06) per share, with a total value of £18,053.28 ($23,589.81).

LON LUCE opened at GBX 98.20 ($1.28) on Monday. Luceco PLC has a fifty-two week low of GBX 32.10 ($0.42) and a fifty-two week high of GBX 133 ($1.74). The company has a debt-to-equity ratio of 88.35, a quick ratio of 0.72 and a current ratio of 1.29. The stock has a 50 day simple moving average of GBX 87.60 and a two-hundred day simple moving average of GBX 89.51. The stock has a market cap of $157.91 million and a P/E ratio of 109.11.

The company also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 19th will be given a GBX 0.60 ($0.01) dividend. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, September 19th. Luceco’s dividend payout ratio is currently 1.11%.

Several research firms have weighed in on LUCE. Peel Hunt upgraded Luceco to a “buy” rating and dropped their price objective for the stock from GBX 120 ($1.57) to GBX 96 ($1.25) in a report on Monday, September 9th. Numis Securities reiterated a “buy” rating and issued a GBX 125 ($1.63) price objective on shares of Luceco in a report on Friday, May 24th.

Luceco Company Profile

Luceco plc manufactures and distributes various light emitting diode (LED) lighting products and wiring accessories in the United Kingdom, Europe, the Middle East, the Americas, the Asia Pacific, and Africa. It operates through four segments: Wiring Accessories, Portable Power, LED Lighting, and Ross and Other.

Further Reading: What is the return on assets (ROA) ratio?

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