Luceco (LON:LUCE) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Luceco plc (LON:LUCE)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 151.92 ($1.97) and traded as low as GBX 130.20 ($1.69). Luceco shares last traded at GBX 132.40 ($1.72), with a volume of 214,421 shares trading hands.

Luceco Price Performance

The business’s 50-day simple moving average is GBX 151.92 and its two-hundred day simple moving average is GBX 162.09. The stock has a market cap of £206.30 million, a price-to-earnings ratio of 1,103.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.18 and a quick ratio of 1.51.

Luceco Cuts Dividend

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

Insiders Place Their Bets

In other news, insider John Hornby sold 3,000,000 shares of Luceco stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of GBX 157 ($2.04), for a total transaction of £4,710,000 ($6,108,157.18). 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.