Likewise Group (LON:LIKE) Shares Climb 10% – Time to Buy?

Shares of Likewise Group Plc (LON:LIKE) traded up 10% during trading on Tuesday. The stock traded as high as GBX 47 and last traded at GBX 46.20. Approximately 6,573,990 shares were traded during mid-day trading, an increase of 730% from the average session volume of 791,757 shares. The stock had previously closed at GBX 42.

Likewise Group Stock Up 1.1%

The firm’s 50-day moving average price is GBX 37.45 and its 200 day moving average price is GBX 29.16. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 78.59. The company has a market capitalization of £164.35 million, a price-to-earnings ratio of 80.36 and a beta of 1.17.

Likewise Group (LON:LIKE) last posted its quarterly earnings results on Monday, September 28th. The company reported GBX 0.32 earnings per share (EPS) for the quarter. Likewise Group had a net margin of 0.84% and a return on equity of 3.23%. On average, sell-side analysts forecast that Likewise Group Plc will post 1.10 EPS for the current fiscal year.

Likewise Group Company Profile

Likewise is a distributor of Residential and Commercial Flooring to independent retailers and contractors via its thirteen Distribution and Logistics Centres in Glasgow, Newcastle, Leeds, Manchester, Birmingham, Newbury, Sidcup, Sudbury, Erith, Derby, Newport and Plymouth.

With the support of Manufacturing Partners across the Globe, an extensive product offering has been developed and with strong relationships with UK customers, In its formative five year journey, it has established a business with over 7,000 customers and currently employees c.580 employees.