Luceco (LON:LUCE) Shares Down 0.6% - Time to Sell?

Shares of Luceco plc (LON:LUCE - Get Free Report) were down 0.6% during trading on Wednesday . The stock traded as low as GBX 129 ($1.64) and last traded at GBX 129.20 ($1.64). Approximately 43,362 shares changed hands during trading, a decline of 84% from the average daily volume of 273,063 shares. The stock had previously closed at GBX 130 ($1.65).

Luceco Stock Performance

The stock's 50-day moving average price is GBX 143.03 and its 200 day moving average price is GBX 157.77. 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 company has a market cap of £198.03 million, a P/E ratio of 1,070.00, a price-to-earnings-growth ratio of 0.62 and a beta of 1.29.

Luceco Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 25th. Shareholders 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 was Thursday, September 19th. Luceco's dividend payout ratio is 4,166.67%.

Insider Activity

In related news, insider John Hornby sold 3,000,000 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of GBX 157 ($1.99), for a total transaction of £4,710,000 ($5,978,674.79). Also, insider Petrus R. M. Vervaat purchased 50,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was bought at an average price of GBX 132 ($1.68) per share, for a total transaction of £66,000 ($83,777.61). 57.82% of the stock is currently owned by company 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.