Luceco (LON:LUCE) Stock Passes Below 50 Day Moving Average - Should You Sell?

Luceco plc (LON:LUCE - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Luceco Price Performance

The firm has a market capitalization of £206.98 million, a P/E ratio of 1,100.87, a PEG ratio of 0.62 and a beta of 1.29. The business's 50-day simple moving average is GBX 151.92 and its 200 day simple moving average is GBX 162.09. The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 55.91.

Luceco Cuts Dividend

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

Insiders Place Their Bets

In other news, insider John Hornby sold 3,000,000 shares of the business's stock in a transaction that occurred on 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.

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.