Keystone Law Group (LON:KEYS) Stock Price Down 1% – What’s Next?
by Amy Steele · The Cerbat GemShares of Keystone Law Group plc (LON:KEYS – Get Free Report) dropped 1% during trading on Friday . The company traded as low as GBX 541 and last traded at GBX 542.50. Approximately 25,787 shares changed hands during trading, a decline of 64% from the average daily volume of 71,877 shares. The stock had previously closed at GBX 548.
Keystone Law Group Trading Down 1.0%
The stock has a market cap of £172.06 million, a PE ratio of 15.82 and a beta of 0.24. The business’s fifty day moving average is GBX 517.12 and its 200 day moving average is GBX 568.54. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 8.06.
Keystone Law Group (LON:KEYS – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported GBX 37 EPS for the quarter. The firm had revenue of £115.17 million for the quarter. Keystone Law Group had a net margin of 9.59% and a return on equity of 59.02%. As a group, analysts predict that Keystone Law Group plc will post 22.8524455 earnings per share for the current year.
Keystone Law Group announced that its board has approved a share repurchase program on Friday, May 15th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In related news, insider Salar Farzad acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average price of GBX 502 per share, with a total value of £10,040. Also, insider Isabel J. S. Napper acquired 950 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average cost of GBX 502 per share, for a total transaction of £4,769. Over the last 90 days, insiders have purchased 5,950 shares of company stock valued at $2,968,900. Corporate insiders own 29.11% of the company’s stock.
About Keystone Law Group
Keystone Law Group plc provides conventional legal services in the United Kingdom. The company offers its legal services in the areas of banking and finance, capital market, commercial, commercial property, construction and projects, corporate, data protection, dispute resolution, employment, EU and competition law, family and matrimonial, fraud and financial crime, and immigration. It provides legal services in insurance, intellectual property, investment funds and management, licensing, mediation and ADR, pensions and incentives, planning and environment, probate and estate planning, residential property, restructuring and insolvency, tax, and technology.