Rockwood Strategic (LON:RKW) Shares Up 0.5% – Time to Buy?

Shares of Rockwood Strategic (LON:RKW) rose 0.5% during mid-day trading on Monday . The company traded as high as GBX 295 and last traded at GBX 295. Approximately 68,072 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 88,076 shares. The stock had previously closed at GBX 293.40.

Rockwood Strategic Price Performance

The stock has a market cap of £111.93 million, a P/E ratio of 4.54 and a beta of 0.90. The company has a fifty day moving average of GBX 284.52 and a 200 day moving average of GBX 285.72.

Rockwood Strategic (LON:RKW) last issued its earnings results on Tuesday, November 18th. The company reported GBX (0.30) earnings per share (EPS) for the quarter. Rockwood Strategic had a return on equity of 27.91% and a net margin of 88.34%.

Insider Activity

In related news, insider Noel Lamb purchased 3,200 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was bought at an average price of GBX 280 per share, for a total transaction of £8,960. Insiders own 3.22% of the company’s stock.

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.