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

Literacy Capital PLC (LON:BOOK) hit a new 52-week low on Thursday . The company traded as low as GBX 420 ($5.17) and last traded at GBX 433.50 ($5.34), with a volume of 8328 shares. The stock had previously closed at GBX 440 ($5.42).

Literacy Capital Price Performance

The company has a quick ratio of 1.73, a current ratio of 0.16 and a debt-to-equity ratio of 2.07. The stock’s 50-day moving average price is GBX 463.76 and its 200-day moving average price is GBX 484.83. The company has a market capitalization of £260.84 million, a price-to-earnings ratio of 1,275.00 and a beta of -0.25.

Literacy Capital Company Profile

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.