Lovisa (ASX:LOV) Trading Down 2%

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Lovisa Holdings Ltd (ASX:LOV) shares were down 2% on Wednesday . The company traded as low as A$11.55 ($8.19) and last traded at A$11.67 ($8.28), approximately 220,716 shares were traded during mid-day trading. The stock had previously closed at A$11.91 ($8.45).

The business has a 50-day simple moving average of A$12.91 and a two-hundred day simple moving average of A$11.74. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 14.89. The stock has a market capitalization of $1.23 billion and a price-to-earnings ratio of 34.12.

In other news, insider John Armstrong bought 7,990 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of A$12.56 ($8.90) per share, with a total value of A$100,314.45 ($71,145.00).

About Lovisa (ASX:LOV)

Lovisa Holdings Limited engages in the retail sale of fashion jewelry and accessories. It develops, designs, sources, and merchandises fashion jewelry and accessories under the Lovisa brand name to fashion conscious females aged 25-45. As of July 1, 2018, the company operated 326 retail stores, including 24 franchise stores.

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