Low & Bonar (LON:LWB) Share Price Passes Above 200-Day Moving Average of $10.56

Low & Bonar plc (LON:LWB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.56 and traded as high as $14.20. Low & Bonar shares last traded at $14.15, with a volume of 225,121 shares traded.

A number of brokerages have issued reports on LWB. Peel Hunt reaffirmed an “add” rating on shares of Low & Bonar in a research report on Monday, August 5th. Canaccord Genuity decreased their target price on Low & Bonar from GBX 20 ($0.26) to GBX 16 ($0.21) and set a “buy” rating for the company in a research report on Tuesday, July 30th.

The stock has a market cap of $91.91 million and a P/E ratio of -0.74. The company has a quick ratio of 1.21, a current ratio of 2.59 and a debt-to-equity ratio of 123.01. The business has a 50-day simple moving average of GBX 14.28 and a 200-day simple moving average of GBX 10.54.

Low & Bonar Company Profile (LON:LWB)

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company supplies a range of technical textile solutions for various applications in the air and water filtration, building, roofing, drainage, and erosion control; and woven and non-woven geotextiles, and construction fibers used in infrastructure projects, including road and rail building, land reclamation, and coastal defense.

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