Luceco (LON:LUCE) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Luceco plc (LON:LUCE) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 127.59 ($1.55) and traded as low as GBX 115.20 ($1.40). Luceco shares last traded at GBX 122.40 ($1.49), with a volume of 250,602 shares trading hands.

Luceco Stock Performance

The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51. The business has a 50 day moving average price of GBX 127.59 and a two-hundred day moving average price of GBX 144.77. The stock has a market cap of £188.78 million, a PE ratio of 1,020.00, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29.

Insider Activity

In other news, insider Will Hoy purchased 37,953 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were bought at an average cost of GBX 135 ($1.64) per share, for a total transaction of £51,236.55 ($62,339.15). Also, insider Petrus R. M. Vervaat purchased 50,000 shares of Luceco stock in a transaction that occurred on Wednesday, November 6th. The stock was purchased at an average cost of GBX 132 ($1.61) per share, for a total transaction of £66,000 ($80,301.74). 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.