James Latham (LON:LTHM) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Key Points

• James Latham shares fell below their 200-day moving average, trading as low as GBX 1,022 versus a 200-day average of GBX 1,026.05, with the last print at GBX 1,030 on a volume of 51,830 shares.
• Insiders including David A. Dunmow and Piers Latham bought stock at GBX 980 on Jan. 28, and insiders have purchased 1,482 shares in the last 90 days; corporate insiders now own 18.94% of the company.
• Fundamentals show a market cap of £207.65 million and a P/E of 11.77, alongside strong liquidity (quick ratio 2.52, current ratio 5.00) but a high debt-to-equity ratio of 3.83.

Shares of James Latham plc (LON:LTHM - ) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,026.05 and traded as low as GBX 1,022. James Latham shares last traded at GBX 1,030, with a volume of 51,830 shares traded.

James Latham Price Performance

The stock has a market cap of £207.65 million, a P/E ratio of 11.77 and a beta of 0.67. The business has a 50 day simple moving average of GBX 1,027.26 and a 200-day simple moving average of GBX 1,026.05. The company has a debt-to-equity ratio of 3.83, a quick ratio of 2.52 and a current ratio of 5.00.

Insider Activity at James Latham

In related news, insider David A. Dunmow purchased 301 shares of James Latham stock in a transaction that occurred on Wednesday, January 28th. The stock was bought at an average price of GBX 980 per share, for a total transaction of £2,949.80. Also, insider Piers Latham acquired 300 shares of the firm's stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average price of GBX 980 per share, with a total value of £2,940. Insiders have purchased a total of 1,482 shares of company stock worth $1,425,630 in the last ninety days. Corporate insiders own 18.94% of the company's stock.

About James Latham

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.

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