Colefax Group (LON:CFX) Hits New 1-Year High – Here’s Why

Colefax Group PLC (LON:CFX) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 968 and last traded at GBX 968, with a volume of 1517 shares traded. The stock had previously closed at GBX 932.50.

Colefax Group Stock Performance

The company has a 50 day simple moving average of GBX 907.80 and a 200 day simple moving average of GBX 848.70. The stock has a market cap of £50.01 million, a price-to-earnings ratio of 8.93 and a beta of 0.22. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 73.77.

Insiders Place Their Bets

In other Colefax Group news, insider Key Hall sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of GBX 880, for a total value of £44,000. Also, insider Wendy Nicholls sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of GBX 880, for a total transaction of £88,000. Insiders sold 143,231 shares of company stock valued at $126,043,280 over the last 90 days. 23.62% of the stock is owned by company insiders.

About Colefax Group

Colefax Group PLC, together with its subsidiaries, engages in the design, marketing, distribution, and retailing of furnishing fabrics, wallpapers, trimmings, upholstered furniture, and related products in the United Kingdom, the United States, rest of Europe, and internationally. The company operates in two divisions, Product and Decorating.