Literacy Capital (LON:BOOK) Reaches New 52-Week Low – Time to Sell?

Literacy Capital PLC (LON:BOOK)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 400 ($4.98) and last traded at GBX 413.68 ($5.15), with a volume of 73555 shares trading hands. The stock had previously closed at GBX 426 ($5.30).

Literacy Capital Stock Performance

The company has a debt-to-equity ratio of 3.14, a current ratio of 0.05 and a quick ratio of 1.73. The stock has a 50-day moving average price of GBX 447.77 and a 200-day moving average price of GBX 475.67. The company has a market capitalization of £240.82 million, a price-to-earnings ratio of 33.34 and a beta of -0.25.

About Literacy Capital

Literacy Capital plc is a closed-end investment company established in 2017 that is focused on investing in and supporting UK businesses and helping their management teams achieve success.

It also has an unusual charitable feature with donations made each year to literacy charities in the UK equating to 0.9% of net assets p.a.