Rockwood Strategic (LON:RKW) Shares Up 0.3% – Still a Buy?

Shares of Rockwood Strategic (LON:RKW) rose 0.3% during trading on Wednesday . The company traded as high as GBX 305.20 and last traded at GBX 303. Approximately 555,895 shares were traded during mid-day trading, an increase of 180% from the average daily volume of 198,278 shares. The stock had previously closed at GBX 302.

Rockwood Strategic Stock Performance

The stock has a 50 day moving average of GBX 294.18 and a 200-day moving average of GBX 285.87. The company has a market cap of £114.97 million, a PE ratio of 4.67 and a beta of 0.90.

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

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.