Luceco (LON:LUCE) Shares Down 4.3% – Here’s What Happened

Luceco plc (LON:LUCE) traded down 4.3% during mid-day trading on Wednesday . The company traded as low as GBX 120 ($1.48) and last traded at GBX 120 ($1.48). 91,585 shares were traded during trading, an increase of 6% from the average session volume of 86,642 shares. The stock had previously closed at GBX 125.40 ($1.55).

Luceco Price Performance

The company has a market capitalization of £185.08 million, a PE ratio of 1,000.00, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. 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 firm’s 50-day moving average is GBX 129.65 and its 200-day moving average is GBX 147.14.

Insider Transactions at Luceco

In other Luceco news, insider Will Hoy bought 37,953 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average price of GBX 135 ($1.67) per share, for a total transaction of £51,236.55 ($63,333.19). Also, insider Petrus R. M. Vervaat purchased 50,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of GBX 132 ($1.63) per share, with a total value of £66,000 ($81,582.20). Company insiders own 57.82% of the company’s stock.

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.