Rockwood Strategic (LON:RKW) Shares Down 0.4% - Here's Why

Key Points

• Rockwood Strategic's stock price decreased by 0.4%, closing at GBX 279.80 ($3.78) after reaching a low of GBX 278.40 ($3.76) during trading.
• The company reported earnings per share (EPS) of GBX 39.28 with a return on equity of 27.91% and a net margin of 88.34% in its latest quarterly results.
• Insider Noel Lamb purchased 1,700 shares at an average price of GBX 280 per share, bringing insider ownership to 3.22% of the company.

Rockwood Strategic (LON:RKW - Get Free Report)'s stock price dropped 0.4% during mid-day trading on Friday . The stock traded as low as GBX 278.40 ($3.76) and last traded at GBX 279.80 ($3.78). Approximately 127,954 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 176,730 shares. The stock had previously closed at GBX 281 ($3.79).

Rockwood Strategic Stock Down 1.4%

The stock has a market cap of £105.86 million, a price-to-earnings ratio of 4.30 and a beta of 0.90. The stock has a 50 day simple moving average of GBX 290.77 and a 200 day simple moving average of GBX 267.87.

Rockwood Strategic (LON:RKW - Get Free Report) last issued its earnings results on Wednesday, June 18th. The company reported GBX 39.28 earnings per share for the quarter. Rockwood Strategic had a return on equity of 27.91% and a net margin of 88.34%.

Insider Buying and Selling at Rockwood Strategic

In other Rockwood Strategic news, insider Noel Lamb acquired 1,700 shares of Rockwood Strategic stock in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of GBX 280 per share, for a total transaction of £4,760. Company insiders own 3.22% of the company's stock.

About Rockwood Strategic

Rockwood Strategic Plc is an Investment Trust quoted on the London Stock Exchange that invests in a focused portfolio of smaller UK public companies. The strategy identifies undervalued shares, where the potential exists to improve returns and where the company is benefitting, or will benefit, from operational, strategic or management changes.