James Latham (LON:LTHM) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• James Latham plc's shares crossed below their 200-day moving average, indicating a potential bearish trend in the stock's performance.
• The company's market cap is £216.52 million, and it reported a higher than usual price-to-earnings ratio of 1,194.66, which may suggest overvaluation.
• For the current year, analysts expect James Latham to post an earnings per share of approximately 105.26, highlighting expectations for future performance.

James Latham plc (LON:LTHM - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,094.97 ($14.95) and traded as low as GBX 1,060 ($14.47). James Latham shares last traded at GBX 1,070 ($14.61), with a volume of 4,022 shares.

James Latham Price Performance

The company has a current ratio of 5.43, a quick ratio of 2.52 and a debt-to-equity ratio of 4.03. The business has a 50-day moving average price of GBX 1,120.86 and a two-hundred day moving average price of GBX 1,094.64. The firm has a market capitalization of £209.46 million, a price-to-earnings ratio of 1,155.73 and a beta of 0.83.

James Latham (LON:LTHM - Get Free Report) last announced its quarterly earnings results on Thursday, June 26th. The company reported GBX 90.10 earnings per share for the quarter. James Latham had a return on equity of 10.82% and a net margin of 6.18%. As a group, research analysts forecast that James Latham plc will post 105.2631579 EPS for the current year.

James Latham Company Profile

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.