Luceco (LON:LUCE) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Luceco plc (LON:LUCE) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 127.59 ($1.55) and traded as low as GBX 115.20 ($1.40). Luceco shares last traded at GBX 122.40 ($1.49), with a volume of 250,602 shares changing hands.

Luceco Stock Up 2.9 %

The company’s fifty day moving average price is GBX 127.59 and its 200-day moving average price is GBX 144.77. The stock has a market capitalization of £188.78 million, a PE ratio of 1,020.00, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91.

Insider Activity at Luceco

In related news, insider Will Hoy bought 37,953 shares of the business’s stock in a transaction on Monday, November 4th. The stock was acquired at an average price of GBX 135 ($1.64) per share, with a total value of £51,236.55 ($62,339.15). Also, insider Petrus R. M. Vervaat bought 50,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of GBX 132 ($1.61) per share, with a total value of £66,000 ($80,301.74). 57.82% of the stock is owned by insiders.

Luceco Company Profile

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.