Luceco (LON:LUCE) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Luceco plc (LON:LUCE) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 144.86 ($1.87) and traded as low as GBX 123.20 ($1.59). Luceco shares last traded at GBX 125 ($1.61), with a volume of 454,817 shares.

Luceco Stock Performance

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 £195.82 million, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The firm has a fifty day moving average price of GBX 144.17 and a 200 day moving average price of GBX 139.15.

Luceco (LON:LUCE) last announced its earnings results on Wednesday, March 26th. The company reported GBX 12.50 ($0.16) earnings per share (EPS) for the quarter. Luceco had a return on equity of 19.86% and a net margin of 8.41%. Research analysts forecast that Luceco plc will post 12.5907591 earnings per share for the current fiscal year.

Luceco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, April 10th will be given a GBX 3.30 ($0.04) dividend. This is a positive change from Luceco’s previous dividend of $1.70. This represents a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, April 10th. Luceco’s dividend payout ratio (DPR) is presently 42.13%.

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.