Luceco (LON:LUCE) Stock Passes Below 50-Day Moving Average – What’s Next?

Luceco plc (LON:LUCE)’s share price passed 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 traded.

Luceco Stock Up 2.9 %

The company’s 50 day moving average price is GBX 127.59 and its two-hundred day moving average price is GBX 144.77. The firm has a market cap of £188.78 million, a PE ratio of 1,020.00, a PEG ratio of 0.62 and a beta of 1.29. The company has a current ratio of 2.18, a quick ratio of 1.51 and a debt-to-equity ratio of 55.91.

Insider Transactions at Luceco

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