Rockwood Strategic (LON:RKW) Trading 2% Higher - What's Next?

Key Points

• Shares of Rockwood Strategic were trading up about 2% mid-day, reaching an intraday high of GBX 281.92 and last at GBX 278.50 on volume of 237,727 shares, a 32% rise versus average session volume.
• Insider Noel Lamb purchased 7,000 shares at GBX 281 on March 18, and company insiders now own 3.22% of the stock, suggesting insider confidence.
• The trust has a market capitalization of £105.67 million and a low valuation (PE 4.29), and it focuses on identifying undervalued smaller UK companies with a long-term, "ownership" investment approach.

Rockwood Strategic (LON:RKW - ) traded up 2% during mid-day trading on Thursday . The company traded as high as GBX 281.92 and last traded at GBX 278.50. 237,727 shares were traded during trading, an increase of 32% from the average session volume of 180,274 shares. The stock had previously closed at GBX 273.

Rockwood Strategic Trading Up 2.0%

The company has a market capitalization of £105.67 million, a PE ratio of 4.29 and a beta of 0.74. The stock has a fifty day simple moving average of GBX 286.80 and a 200-day simple moving average of GBX 285.93.

Insider Transactions at Rockwood Strategic

In other Rockwood Strategic news, insider Noel Lamb purchased 7,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The stock was bought at an average cost of GBX 281 per share, with a total value of £19,670. 3.22% of the stock is owned by company insiders.

Rockwood Strategic Company Profile

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. These unlock, create or realise shareholder value for investors. The strategy targets investment opportunities arising in the inefficient and niche market of UK small companies, uses the manager's specialist experience and enhanced diligence approach to assess risk and harvests the benefits of long-term capital through patience and an ‘ownership' mentality.

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