Literacy Capital (LON:BOOK) Hits New 12-Month Low - What's Next?

Key Points

• Literacy Capital (LON:BOOK) hit a new 52-week low of GBX 354 on Monday, down from a prior close of GBX 370, with 11,522 shares traded.
• The company has a market cap of £213.02m and a negative P/E (-116.83); its 50-day (GBX 391.78) and 200-day (GBX 382.13) moving averages sit above the current price, indicating recent downside momentum.
• Literacy Capital is a closed-end investment company focused on supporting UK businesses (established 2017) and donates 0.5% of net assets annually to UK literacy charities.

Literacy Capital PLC (LON:BOOK - ) reached a new 52-week low on Monday . The company traded as low as GBX 354 and last traded at GBX 354, with a volume of 11522 shares. The stock had previously closed at GBX 370.

Literacy Capital Stock Performance

The company has a market capitalization of £213.02 million, a price-to-earnings ratio of -116.83 and a beta of 0.12. The firm has a fifty day simple moving average of GBX 391.78 and a 200 day simple moving average of GBX 382.13. The company has a debt-to-equity ratio of 12.20, a current ratio of 3.89 and a quick ratio of 1.73.

About Literacy Capital

Literacy Capital plc is a closed-end investment company established in 2017 that is focused on investing in and supporting UK businesses and helping their management teams achieve success. It also has an unusual charitable feature with donations made each year to literacy charities in the UK equating to 0.5% of net assets p.a.

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