Lords Group Trading (LON:LORD) Trading Up 2% – Here’s Why

Lords Group Trading plc (LON:LORD)’s share price shot up 2% during mid-day trading on Tuesday . The stock traded as high as GBX 36.94 ($0.47) and last traded at GBX 36.94 ($0.47). 29,869 shares traded hands during trading, a decline of 63% from the average session volume of 80,764 shares. The stock had previously closed at GBX 36.20 ($0.46).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 90 ($1.14) price target on shares of Lords Group Trading in a research report on Monday, October 7th.

Lords Group Trading Price Performance

The company has a market cap of £61.27 million, a P/E ratio of -3,693.50 and a beta of 1.18. The company has a debt-to-equity ratio of 190.06, a quick ratio of 0.77 and a current ratio of 1.31. The firm has a 50 day moving average price of GBX 37.22 and a two-hundred day moving average price of GBX 41.19.

Lords Group Trading Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 19th were issued a dividend of GBX 0.32 ($0.00) per share. This represents a yield of 0.82%. The ex-dividend date was Thursday, September 19th. Lords Group Trading’s payout ratio is presently -20,000.00%.

Lords Group Trading Company Profile

Lords Group Trading plc distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers. The company operates in two divisions, Merchanting; and Plumbing and Heating. It also distributes heating and plumbing products to a network of independent merchants, installers, and general public.