Keystone Law Group (LON:KEYS) Trading Down 1% – Here’s Why

Keystone Law Group plc (LON:KEYS) shares traded down 1% during trading on Friday . The stock traded as low as GBX 541 and last traded at GBX 542.50. 25,787 shares were traded during trading, a decline of 64% from the average session volume of 71,877 shares. The stock had previously closed at GBX 548.

Keystone Law Group Stock Down 1.0%

The company has a market capitalization of £171.14 million, a PE ratio of 15.82 and a beta of 0.24. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 8.06. The firm has a 50 day simple moving average of GBX 517.12 and a two-hundred day simple moving average of GBX 568.54.

Keystone Law Group (LON:KEYS) last issued its quarterly earnings results on Wednesday, April 29th. The company reported GBX 37 earnings per share for the quarter. Keystone Law Group had a return on equity of 59.02% and a net margin of 9.59%.The firm had revenue of £115.17 million during the quarter. Research analysts expect that Keystone Law Group plc will post 22.8524455 EPS for the current year.

Keystone Law Group announced that its Board of Directors has authorized a stock buyback plan on Friday, May 15th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Keystone Law Group

In other news, insider Robin George Williams acquired 3,000 shares of Keystone Law Group stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of GBX 496 per share, for a total transaction of £14,880. Also, insider Salar Farzad bought 2,000 shares of the company’s stock in a transaction on Wednesday, April 29th. The shares were acquired at an average price of GBX 502 per share, for a total transaction of £10,040. Insiders have bought a total of 5,950 shares of company stock worth $2,968,900 over the last ninety days. 29.29% of the stock is currently owned by company insiders.

Keystone Law Group Company Profile

Keystone Law Group plc provides conventional legal services in the United Kingdom. The company offers its legal services in the areas of banking and finance, capital market, commercial, commercial property, construction and projects, corporate, data protection, dispute resolution, employment, EU and competition law, family and matrimonial, fraud and financial crime, and immigration. It provides legal services in insurance, intellectual property, investment funds and management, licensing, mediation and ADR, pensions and incentives, planning and environment, probate and estate planning, residential property, restructuring and insolvency, tax, and technology.