John Hornby Sells 3,000,000 Shares of Luceco plc (LON:LUCE) Stock

Luceco plc (LON:LUCE) insider John Hornby sold 3,000,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of GBX 157 ($2.05), for a total value of £4,710,000 ($6,150,430.92).

Luceco Stock Performance

LON LUCE opened at GBX 159.60 ($2.08) on Friday. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51. The company has a market cap of £246.15 million, a P/E ratio of 1,330.00, a P/E/G ratio of 0.62 and a beta of 1.29. The stock has a 50-day moving average of GBX 153.83 and a two-hundred day moving average of GBX 162.40. Luceco plc has a 1-year low of GBX 97.37 ($1.27) and a 1-year high of GBX 195 ($2.55).

Luceco Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be issued a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 1.11%. The ex-dividend date is Thursday, September 19th. Luceco’s dividend payout ratio (DPR) is currently 4,166.67%.

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.