Luceco (LON:LUCE) Stock Price Up 15.7% – What’s Next?

Luceco plc (LON:LUCE) traded up 15.7% on Thursday . The company traded as high as GBX 144.80 ($1.81) and last traded at GBX 144.80 ($1.81). 1,041,821 shares were traded during mid-day trading, an increase of 281% from the average session volume of 273,346 shares. The stock had previously closed at GBX 125.20 ($1.56).

Luceco Price Performance

The firm has a 50-day moving average of GBX 127.52 and a 200-day moving average of GBX 143.81. The stock has a market cap of £213.45 million, a PE ratio of 1,153.33, a PEG 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.

Insiders Place Their Bets

In other news, insider Petrus R. M. Vervaat purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average cost of GBX 132 ($1.65) per share, with a total value of £66,000 ($82,407.29). Also, insider Will Hoy purchased 37,953 shares of the business’s stock in a transaction on Monday, November 4th. The shares were purchased at an average price of GBX 135 ($1.69) per share, with a total value of £51,236.55 ($63,973.72). 57.82% of the stock is currently owned by corporate insiders.

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.