Likewise Group (LON:LIKE) Shares Up 11.6% - Time to Buy?

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.

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

Likewise Group Price Performance

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 stock's fifty day simple moving average is GBX 25.14 and its 200-day simple moving average is GBX 21.71. The company has a market capitalization of £69.16 million, a P/E ratio of 9,233.33 and a beta of 0.85.

Likewise Group (LON:LIKE - Get Free Report) last announced its quarterly earnings data 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 analysts forecast that Likewise Group Plc will post 1.1006289 earnings per share for the current fiscal year.

Insider Transactions at Likewise Group

In related news, insider Andrew Simpson acquired 19,250 shares of the business's stock in a transaction dated Monday, July 14th. The stock was acquired at an average price of GBX 25 per share, with a total value of £4,812.50. Also, insider Anthony J. Brewer acquired 162,421 shares of the business's stock in a transaction dated Monday, July 14th. The shares were bought at an average cost of GBX 25 per share, with a total value of £40,605.25. Insiders have bought 185,714 shares of company stock valued at $4,642,850 in the last ninety days. 17.15% of the stock is owned by company 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.

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