Luceco (LON:LUCE) Shares Pass Below 50 Day Moving Average – Time to Sell?

Luceco plc (LON:LUCE)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 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.

Luceco Stock Up 2.9 %

The company’s 50 day moving average price is GBX 127.59 and its 200 day moving average price is GBX 144.77. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91. The firm has a market capitalization of £188.78 million, a price-to-earnings ratio of 1,020.00, a P/E/G ratio of 0.62 and a beta of 1.29.

Insider Buying and Selling

In other news, insider Will Hoy acquired 37,953 shares of the business’s stock in a transaction on Monday, November 4th. The stock was bought 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 acquired 50,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was purchased 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 currently owned by corporate 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.