Lords Group Trading (LON:LORD) Shares Down 4.4% – Here’s What Happened

Lords Group Trading plc (LON:LORD)’s share price dropped 4.4% during trading on Tuesday . The stock traded as low as GBX 26 ($0.35) and last traded at GBX 26 ($0.35). Approximately 126,276 shares traded hands during trading, an increase of 85% from the average daily volume of 68,430 shares. The stock had previously closed at GBX 27.20 ($0.36).

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their target price on Lords Group Trading from GBX 90 ($1.21) to GBX 80 ($1.07) and set a “buy” rating on the stock in a report on Tuesday, January 28th.

Lords Group Trading Stock Performance

The stock has a market capitalization of £41.52 million, a price-to-earnings ratio of -23.13 and a beta of 1.18. The firm has a fifty day moving average of GBX 26.79 and a 200 day moving average of GBX 31.94. The company has a debt-to-equity ratio of 196.86, a current ratio of 1.31 and a quick ratio of 0.77.

Lords Group Trading Company Profile

Lords Group Trading is a leading distributor of building, plumbing, heating and DIY goods in the UK. The Group is principally focused on the growing Repairs, Maintenance and Improvement (RMI) market, with approximately 80 per cent. of the Group’s demand focused on this segment of the construction market.
The Group principally sells to local tradesmen, hardware stores, small to medium sized plumbing and heating merchants, construction companies and retails directly to the general public.

The Group seeks to grow through a variety of organic and inorganic strategies, including geographic reach, product expansion, the active expansion of e-commerce platforms and the continued investment in its logistical capability.