On November 17, 2023, insider Denis Jackson sold 67,485 shares of Law Debenture Co. (LON: LWDB) stock in a transaction valued at approximately £689,696.70. The shares were sold at an average price of GBX 1,022, marking a significant move in the company’s trading activity.
The sale coincided with a slight increase in Law Debenture’s stock price, which rose by 0.2% during trading hours on Wednesday, reaching GBX 1,002. In total, 254,774 shares changed hands, surpassing the company’s average trading volume of 222,954 shares.
Market Performance and Financial Metrics
Law Debenture Company currently boasts a market capitalization of £1.33 billion. Its price-to-earnings ratio stands at 7.81, while the stock’s beta is recorded at 0.93, suggesting relative stability compared to the market. The company’s financial health is further illustrated by a debt-to-equity ratio of 18.53, and liquidity ratios including a quick ratio of 3.21 and a current ratio of 3.01.
Over the past year, Law Debenture’s stock has exhibited notable fluctuations, with a low of GBX 737.17 and a high of GBX 1,070. The stock’s 50-day simple moving average sits at GBX 1,036.39, while the two-hundred-day average is GBX 1,001.45.
The recent divestment by Denis Jackson could indicate a strategic financial move, as investors often monitor insider transactions for insights into company confidence and future performance.
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