Likewise Group (LON:LIKE) Stock Price Up 14.6% – Time to Buy?

Shares of Likewise Group Plc (LON:LIKE) shot up 14.6% during mid-day trading on Tuesday . The stock traded as high as GBX 35 and last traded at GBX 33.80. Approximately 2,246,069 shares changed hands during trading, an increase of 514% from the average daily volume of 365,738 shares. The stock had previously closed at GBX 29.50.

Likewise Group Price Performance

The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 73.95. The firm has a market capitalization of £84.40 million, a PE ratio of 99.41 and a beta of 1.08. The company has a fifty day moving average price of GBX 27.13 and a two-hundred day moving average price of GBX 24.81.

Likewise Group (LON:LIKE) last released its quarterly earnings results on Tuesday, April 28th. The company reported GBX 0.36 earnings per share (EPS) for the quarter. Likewise Group had a return on equity of 2.10% and a net margin of 0.54%.The firm had revenue of £163.10 million for the quarter. Sell-side analysts forecast that Likewise Group Plc will post 1.1006289 earnings per share for the current year.

About Likewise Group

Likewise is a distributor of Residential and Commercial Flooring to independent retailers and contractors via its thirteen Distribution and Logistics Centres in Glasgow, Newcastle, Leeds, Manchester, Birmingham, Newbury, Sidcup, Sudbury, Erith, Derby, Newport and Plymouth.

With the support of Manufacturing Partners across the Globe, an extensive product offering has been developed and with strong relationships with UK customers, In its formative five year journey, it has established a business with over 7,000 customers and currently employees c.580 employees.