Keystone Law Group (LON:KEYS) Shares Up 0.7% - Still a Buy?

Key Points

• Keystone Law Group's stock price increased by 0.7% during trading on Wednesday, reaching a last traded price of GBX 623.50 ($8.27), although trading volume was down by 27% compared to its average.
• The company reported an earnings per share (EPS) of GBX 30.40 ($0.40) for the last quarter, contributing to a return on equity of 45.78%.
• Shore Capital has reiterated a "buy" rating for Keystone Law Group, suggesting confidence in the company's future performance.

Keystone Law Group plc (LON:KEYS - Get Free Report) shares were up 0.7% during trading on Wednesday . The company traded as high as GBX 623.80 ($8.28) and last traded at GBX 623.50 ($8.28). Approximately 25,992 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 35,729 shares. The stock had previously closed at GBX 619 ($8.22).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of Keystone Law Group in a report on Thursday, May 1st.

Keystone Law Group Price Performance

The business has a 50-day simple moving average of GBX 612.22 and a two-hundred day simple moving average of GBX 555.01. The company has a market cap of £197.57 million, a price-to-earnings ratio of 25.06 and a beta of 0.26. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 13.53.

Keystone Law Group (LON:KEYS - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported GBX 30.40 ($0.40) earnings per share for the quarter. Keystone Law Group had a return on equity of 45.78% and a net margin of 8.43%. As a group, equities analysts forecast that Keystone Law Group plc will post 22.8524455 earnings per share for the current fiscal year.

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.