Law Debenture (LON:LWDB) Reaches New 12-Month High – Should You Buy?

Law Debenture Co. (LON:LWDB) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1,254 and last traded at GBX 1,242, with a volume of 256505 shares changing hands. The stock had previously closed at GBX 1,234.

Law Debenture Trading Up 1.0%

The company has a current ratio of 71.94, a quick ratio of 3.21 and a debt-to-equity ratio of 16.37. The business’s 50-day moving average is GBX 1,210.66 and its two-hundred day moving average is GBX 1,160.69. The firm has a market cap of £1.67 billion, a P/E ratio of 5.46 and a beta of 1.22.

Law Debenture (LON:LWDB) last issued its earnings results on Friday, July 24th. The investment trust reported GBX 23.04 earnings per share (EPS) for the quarter. Law Debenture had a net margin of 80.52% and a return on equity of 23.85%.

Insider Activity at Law Debenture

In related news, insider Denis Jackson purchased 894 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of GBX 1,164 per share, for a total transaction of £10,406.16. Company insiders own 0.70% of the company’s stock.

About Law Debenture

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.