The company’s stock beta stood at 0.57, reflecting lower volatility of the stock as compared to the benchmark index, according to the report by Kalkine Uk.
LONDON- Small-cap stock- Luceco plc with its market cap of UK£120m, is popular for its explosive growth. Kalkine in its latest research report has assessed the current state of its operations and pathway to profitability. The report provides a comprehensive overview of the group's trading update, financial highlights and shares price performance.
The United Kingdom-based group provides a range of brands, including Masterplug, Ross, Luceco, and BG Electrical. The group's products include Luxpanel, Epsilon and ambient lighting. The company distributes and manufactures various LED (light emitting diode) lighting wiring and products accessories in Europe, the Americas, Africa, the Middle East, the Asia Pacific, and the United Kingdom. The company’s business is differentiated in four segments: Wiring Accessories, Portable Power, LED Lighting, and Ross and Other.
Key Highlights of the report:
● The company is making decent progress in the external markets.
● Prudent cash management and profitability are contributing to the continued development in business operations.
● Chinese operation and supply chain of the group could be adversely affected if there is any disruption to legal, political, economic or social conditions in China.
Get access to the full report @ https://www.kalkine.co.uk/memberships.aspx
According to the report, the company's board is confident of delivering adjusted operating profit for the financial year 2019 materially ahead of existing market expectations in the backdrop of wider economic and political uncertainty
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