Luceco (LON:LUCE) Trading Down 4.3% – Here’s Why

Luceco plc (LON:LUCE) shares traded down 4.3% during mid-day trading on Wednesday . The stock traded as low as GBX 120 ($1.47) and last traded at GBX 120 ($1.47). 91,585 shares were traded during trading, an increase of 6% from the average session volume of 86,642 shares. The stock had previously closed at GBX 125.40 ($1.53).

Luceco Stock Down 3.8 %

The firm has a market capitalization of £178.91 million, a PE ratio of 966.67, a PEG ratio of 0.62 and a beta of 1.29. The company has a fifty day moving average price of GBX 129.07 and a 200-day moving average price of GBX 146.52. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18.

Insider Transactions at Luceco

In other Luceco news, insider John Hornby sold 3,000,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of GBX 157 ($1.92), for a total value of £4,710,000 ($5,750,915.75). 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 price of GBX 135 ($1.65) per share, for a total transaction of £51,236.55 ($62,559.89). Insiders own 57.82% of the company’s stock.

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.