Likewise Group (LON:LIKE) Shares Up 11.6% - Here's Why

Key Points

• Likewise Group Plc shares surged by 11.6% during mid-day trading, reaching GBX 27.60 ($0.37), significantly above its previous close of GBX 24.74 ($0.34).
• The company reported a net margin of 0.70% and a return on equity of 2.55%, with earnings per share (EPS) for the last quarter at GBX 0.09.
• Insiders have purchased a total of 185,714 shares valued at approximately £4,642,850 over the last ninety days, indicating strong insider confidence.

Likewise Group Plc (LON:LIKE - Get Free Report) shares rose 11.6% on Tuesday . The company traded as high as GBX 27.60 ($0.37) and last traded at GBX 27.60 ($0.37). Approximately 709,017 shares traded hands during trading, an increase of 126% from the average daily volume of 313,091 shares. The stock had previously closed at GBX 24.74 ($0.34).

Likewise Group Stock Up 0.6%

The stock has a market capitalization of £70.36 million, a PE ratio of 9,393.33 and a beta of 0.85. The company has a debt-to-equity ratio of 36.11, a current ratio of 1.10 and a quick ratio of 0.67. The business's fifty day moving average price is GBX 25.50 and its two-hundred day moving average price is GBX 21.95.

Likewise Group (LON:LIKE - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The company reported GBX 0.09 EPS for the quarter. Likewise Group had a net margin of 0.70% and a return on equity of 2.55%. On average, equities research analysts forecast that Likewise Group Plc will post 1.1006289 EPS for the current fiscal year.

Insider Buying and Selling at Likewise Group

In other news, insider Andrew Simpson bought 19,250 shares of the stock in a transaction dated Monday, July 14th. The shares were acquired at an average cost of GBX 25 per share, with a total value of £4,812.50. Also, insider Anthony J. Brewer purchased 4,043 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was acquired at an average price of GBX 25 per share, with a total value of £1,010.75. Over the last ninety days, insiders acquired 185,714 shares of company stock worth $4,642,850. 17.15% of the stock is owned by corporate insiders.

Likewise Group Company Profile

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.