Literacy Capital (LON:BOOK) Shares Down 9.3% – Should You Sell?

Literacy Capital PLC (LON:BOOK – Get Free Report) traded down 9.3% on Friday. The company traded as low as GBX 282.77 and last traded at GBX 289.24. 157,360 shares traded hands during mid-day trading, an increase of 283% from the average session volume of 41,075 shares. The stock had previously closed at GBX 319.

Literacy Capital Price Performance

The company has a market cap of £174.05 million, a PE ratio of -7.73 and a beta of 0.36. The business’s 50 day moving average price is GBX 307.80 and its 200-day moving average price is GBX 312.98. The company has a quick ratio of 1.73, a current ratio of 0.60 and a debt-to-equity ratio of 3.07.

Literacy Capital (LON:BOOK – Get Free Report) last announced its earnings results on Monday, August 24th. The company reported GBX (11.96) earnings per share for the quarter. Literacy Capital had a net margin of 162.73% and a negative return on equity of 7.81%.

About Literacy Capital

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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 0.5% of net assets p.a.

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