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Likewise Group (LON:LIKE) Stock Price Down 2% - Here's Why

Likewise Group logo with Consumer Cyclical background

Key Points

  • Shares of Likewise Group Plc (LON:LIKE) fell by 2% to GBX 24.50 ($0.33) amidst increased trading volume of approximately 441,103 shares, significantly higher than its average daily volume.
  • Insider purchasing activity was notable, with insiders buying a total of 185,714 shares worth approximately $4.64 million in the last quarter, indicating confidence in the company's prospects.
  • Likewise Group operates as a distributor of Residential and Commercial Flooring with a market capitalization of £59.58 million and a notable debt-to-equity ratio of 36.11.
  • Interested in Likewise Group? Here are five stocks we like better.

Shares of Likewise Group Plc (LON:LIKE - Get Free Report) fell 2% during trading on Thursday . The stock traded as low as GBX 24 ($0.32) and last traded at GBX 24.50 ($0.33). 441,103 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 319,722 shares. The stock had previously closed at GBX 25 ($0.34).

Likewise Group Trading Up 2.0%

The firm has a market cap of £61.04 million, a P/E ratio of 8,333.33 and a beta of 0.85. The company has a quick ratio of 0.67, a current ratio of 1.10 and a debt-to-equity ratio of 36.11. The firm's 50-day simple moving average is GBX 24.86 and its 200 day simple moving average is GBX 21.44.

Insider Activity

In related news, insider Anthony J. Brewer acquired 4,043 shares of the stock in a transaction on Monday, July 14th. The shares were acquired at an average price of GBX 25 per share, with a total value of £1,010.75. Also, insider Andrew Simpson acquired 19,250 shares of the stock in a transaction on Monday, July 14th. The stock was bought at an average cost of GBX 25 per share, for a total transaction of £4,812.50. In the last ninety days, insiders acquired 185,714 shares of company stock worth $4,642,850. Insiders own 17.53% of the company's stock.

About Likewise Group

(Get Free Report)

Likewise is a distributor of Residential and Commercial Flooring to independent retailers and contractors via it's twelve Distribution and Logistics Centres in Glasgow, Newcastle, Leeds, Manchester, Birmingham, Newbury, Sidcup, Sudbury, Erith, Derby, Newport and Plymouth. With the support of Manufacturing Partners across the Globe, an extensive product offering has been developed and with strong relationships with UK customers, In its formative five year journey, it has established a business with over 7,000 customers and currently employees c.500 employees.

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