James Latham (LON:LTHM) Stock Crosses Below 200-Day Moving Average - Here's What Happened

Key Points

• James Latham's stock price has fallen below its 200-day moving average of GBX 1,095.30, trading at GBX 1,090 ($14.65).
• The company has a market capitalization of £222.16 million and a notably high price-to-earnings ratio of 1,225.81.
• Analysts forecast an earnings per share (EPS) of 105.26 for James Latham plc for the current year, following a quarterly EPS of GBX 90.10.

Shares of James Latham plc (LON:LTHM - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,095.30 ($14.84) and traded as low as GBX 1,090 ($14.77). James Latham shares last traded at GBX 1,090 ($14.77), with a volume of 12,046 shares traded.

James Latham Stock Performance

The company has a market capitalization of £216.72 million, a price-to-earnings ratio of 1,195.77 and a beta of 0.83. The company has a debt-to-equity ratio of 4.03, a quick ratio of 2.52 and a current ratio of 5.43. The company has a 50 day moving average price of GBX 1,128.59 and a 200 day moving average price of GBX 1,095.20.

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