Likewise Group (LON:LIKE) Trading Up 10.8% – Still a Buy?

Shares of Likewise Group Plc (LON:LIKE) shot up 10.8% during trading on Tuesday . The company traded as high as GBX 35.60 and last traded at GBX 35.10. 6,150,865 shares changed hands during trading, an increase of 1,012% from the average daily volume of 553,208 shares. The stock had previously closed at GBX 31.67.

Likewise Group Stock Performance

The business’s 50-day moving average price is GBX 31.41 and its 200-day moving average price is GBX 26.76. The company has a debt-to-equity ratio of 73.95, a quick ratio of 0.67 and a current ratio of 1.06. The stock has a market cap of £89.04 million, a P/E ratio of 104.85 and a beta of 1.09.

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.