Law Debenture (LON:LWDB) Stock Crosses Above 50 Day Moving Average - Here's Why

Key Points

• The share price of Law Debenture (LON:LWDB) has crossed above its 50-day moving average of GBX 999.49, trading as high as GBX 1,018 on Friday.
• The company reported earnings of GBX 20.15 per share for the last quarter, with a net margin of 69.85% and a return on equity of 15.91%.
• Law Debenture holds a market capitalization of £1.34 billion and has a good liquidity position with a quick ratio of 3.21 and a current ratio of 3.01.

Shares of Law Debenture Co. (LON:LWDB - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 999.49 ($13.49) and traded as high as GBX 1,018 ($13.74). Law Debenture shares last traded at GBX 1,016 ($13.71), with a volume of 102,193 shares.

Law Debenture Stock Performance

The company has a debt-to-equity ratio of 18.53, a quick ratio of 3.21 and a current ratio of 3.01. The business has a 50 day moving average price of GBX 1,001.07 and a two-hundred day moving average price of GBX 940.32. The company has a market cap of £1.31 billion, a P/E ratio of 9.25 and a beta of 0.93.

Law Debenture (LON:LWDB - Get Free Report) last posted its earnings results on Friday, July 25th. The investment trust reported GBX 20.15 earnings per share for the quarter. Law Debenture had a return on equity of 15.91% and a net margin of 69.85%.

Law Debenture Company Profile

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.