Luceco (LON:LUCE) Shares Down 0.6% – Should You Sell?

Shares of Luceco plc (LON:LUCE) fell 0.6% during mid-day trading on Wednesday . The company traded as low as GBX 129 ($1.64) and last traded at GBX 129.20 ($1.64). 43,362 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 273,063 shares. The stock had previously closed at GBX 130 ($1.65).

Luceco Trading Down 0.6 %

The stock has a market cap of £199.27 million, a price-to-earnings ratio of 1,076.67, a PEG ratio of 0.62 and a beta of 1.29. The business has a fifty day simple moving average of GBX 143.47 and a 200 day simple moving average of GBX 158.01. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.51 and a current ratio of 2.18.

Luceco Cuts Dividend

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

Insider Buying and Selling at Luceco

In other news, insider John Hornby sold 3,000,000 shares of Luceco stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of GBX 157 ($1.99), for a total value of £4,710,000 ($5,971,095.33). Also, insider Petrus R. M. Vervaat bought 50,000 shares of Luceco stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired at an average price of GBX 132 ($1.67) per share, for a total transaction of £66,000 ($83,671.40). 57.82% of the stock is owned by insiders.

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.