Luceco (LON:LUCE) Shares Down 0.6% – Should You Sell?

Luceco plc (LON:LUCE)’s stock price traded down 0.6% during trading on Wednesday . The company traded as low as GBX 129 ($1.64) and last traded at GBX 129.20 ($1.64). 43,362 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 273,063 shares. The stock had previously closed at GBX 130 ($1.65).

Luceco Price Performance

The firm’s 50 day simple moving average is GBX 143.03 and its two-hundred day simple moving average is GBX 157.77. The firm has a market capitalization of £198.03 million, a P/E ratio of 1,070.00, a P/E/G ratio of 0.62 and a beta of 1.29. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51.

Luceco Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 19th were issued a dividend of GBX 1.70 ($0.02) per share. This represents a yield of 1.11%. The ex-dividend date of this dividend was Thursday, September 19th. Luceco’s dividend payout ratio is presently 4,166.67%.

Insiders Place Their Bets

In other Luceco news, insider Will Hoy purchased 37,953 shares of the stock in a transaction on Monday, November 4th. The stock was acquired at an average price of GBX 135 ($1.71) per share, with a total value of £51,236.55 ($65,037.51). Also, insider John Hornby sold 3,000,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of GBX 157 ($1.99), for a total value of £4,710,000 ($5,978,674.79). 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.