Luceco (LON:LUCE) Trading Down 0.6% – Time to Sell?

Shares of Luceco plc (LON:LUCE) fell 0.6% during mid-day trading on Wednesday . The stock traded as low as GBX 129 ($1.64) and last traded at GBX 129.20 ($1.64). 43,362 shares changed 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 company has a 50-day moving average of GBX 143.47 and a 200-day moving average of GBX 158.01. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18. The stock has a market cap of £199.27 million, a price-to-earnings ratio of 1,076.67, a PEG ratio of 0.62 and a beta of 1.29.

Luceco Cuts Dividend

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

Insider Activity at Luceco

In other Luceco news, insider Petrus R. M. Vervaat acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were purchased at an average price of GBX 132 ($1.67) per share, with a total value of £66,000 ($83,671.40). Also, insider Will Hoy bought 37,953 shares of Luceco stock in a transaction on Monday, November 4th. The stock was acquired at an average cost of GBX 135 ($1.71) per share, with a total value of £51,236.55 ($64,955.06). 57.82% of the stock is currently owned by 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.