Likewise Group (LON:LIKE) Stock Price Up 9.7% – Here’s What Happened

Shares of Likewise Group Plc (LON:LIKE) shot up 9.7% during trading on Wednesday. The company traded as high as GBX 40.30 and last traded at GBX 39.50. 8,490,200 shares changed hands during mid-day trading, an increase of 1,111% from the average daily volume of 701,264 shares. The stock had previously closed at GBX 36.

Likewise Group Price Performance

The company’s fifty day moving average is GBX 32.78 and its two-hundred day moving average is GBX 28.62. The company has a debt-to-equity ratio of 78.59, a quick ratio of 0.67 and a current ratio of 1.04. The firm has a market cap of £144.26 million, a price-to-earnings ratio of 70.54 and a beta of 1.08.

Likewise Group (LON:LIKE) last announced 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 return on equity of 3.23% and a net margin of 0.84%. Equities research analysts forecast that Likewise Group Plc will post 1.1006289 EPS for the current year.

About Likewise Group

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.