Literacy Capital (LON:BOOK) Shares Up 2.1% - Here's Why

Key Points

• Literacy Capital PLC shares increased by 2.1% to GBX 394 ($5.38), with trading volume surging to 212,961, a 499% increase from the average.
• The company reported earnings per share of GBX 26.69 for the last quarter, with a notable net margin of 63.70% and a return on equity of 2.42%.
• Literacy Capital not only focuses on investing in UK businesses but also contributes 0.5% of net assets annually to literacy charities in the UK.

Literacy Capital PLC (LON:BOOK - Get Free Report) shares traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as GBX 394 ($5.31) and last traded at GBX 394 ($5.31). 212,961 shares were traded during mid-day trading, an increase of 499% from the average session volume of 35,528 shares. The stock had previously closed at GBX 386 ($5.20).

Literacy Capital Stock Performance

The stock has a market capitalization of £226.26 million, a P/E ratio of -12,409.24 and a beta of -0.25. The company has a 50 day simple moving average of GBX 406.32 and a 200-day simple moving average of GBX 411.73. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.05 and a quick ratio of 1.73.

Literacy Capital (LON:BOOK - Get Free Report) last issued its earnings results on Tuesday, August 26th. The company reported GBX 26.69 earnings per share (EPS) for the quarter. Literacy Capital had a return on equity of 2.42% and a net margin of 63.70%.

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.