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Literacy Capital (LON:BOOK) Stock Price Up 2.3% - Still a Buy?

Literacy Capital logo with Financial Services background

Key Points

  • Literacy Capital PLC shares increased by 2.3% to GBX 446 ($5.99) but trading volume fell significantly to just 3 shares compared to an average of 29,358.
  • The company has a market capitalization of £259.64 million and a price-to-earnings ratio of 35.94.
  • Insider Christopher Sellers purchased 50,000 shares at an average price of GBX 382 ($5.13), indicating confidence from insiders as they own 62.99% of the stock.
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Literacy Capital PLC (LON:BOOK - Get Free Report)'s share price rose 2.3% on Friday . The stock traded as high as GBX 446 ($5.99) and last traded at GBX 446 ($5.99). Approximately 3 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 29,358 shares. The stock had previously closed at GBX 436 ($5.86).

Literacy Capital Price Performance

The company has a market cap of £259.64 million, a price-to-earnings ratio of 35.94 and a beta of -0.25. The company has a quick ratio of 1.73, a current ratio of 0.05 and a debt-to-equity ratio of 3.14. The company's fifty day moving average price is GBX 432.40 and its two-hundred day moving average price is GBX 418.23.

Insider Buying and Selling at Literacy Capital

In related news, insider Christopher Sellers purchased 50,000 shares of Literacy Capital stock in a transaction dated Monday, April 28th. The stock was bought at an average price of GBX 382 ($5.13) per share, for a total transaction of £191,000 ($256,685.93). 62.99% of the stock is owned by company insiders.

About Literacy Capital

(Get Free Report)

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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