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

Luceco plc (LON:LUCE)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 243.61 and traded as low as GBX 211. Luceco shares last traded at GBX 215, with a volume of 207,054 shares traded.

Analyst Ratings Changes

Several research analysts have issued reports on LUCE shares. Jefferies Financial Group restated a “buy” rating and set a GBX 320 target price on shares of Luceco in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft downgraded Luceco to a “hold” rating and set a GBX 260 price target on the stock. in a report on Wednesday, July 29th. Berenberg Bank raised their price target on Luceco from GBX 270 to GBX 300 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Peel Hunt restated a “buy” rating and set a GBX 300 price objective on shares of Luceco in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 295.

Luceco Stock Performance

The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 60.83. The company has a market capitalization of £317.93 million, a PE ratio of 16.12, a PEG ratio of 0.62 and a beta of 1.34. The firm’s 50-day simple moving average is GBX 241.53 and its 200-day simple moving average is GBX 223.74.

Insider Activity at Luceco

In other news, insider Janet Ryan acquired 3,706 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were bought at an average price of GBX 270 per share, with a total value of £10,006.20. Also, insider Will Hoy acquired 18,820 shares of Luceco stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of GBX 266 per share, for a total transaction of £50,061.20. 23.59% of the stock is owned by company 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. The company also provides LED lighting products, such as residential and commercial, interior and exterior, mains and solar, and work and site lighting products under the Luceco, Kingfisher Lighting, and DW Windsor brand names; and portable power products comprising electric vehicle chargers, extension leads, cable reels, and adapters and accessories under the Masterplug, Ross, and Sync EV brands.