Low & Bonar (LWB) Sets New 12-Month Low at $9.50

Low & Bonar plc (LON:LWB)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 9.50 ($0.12) and last traded at GBX 10.10 ($0.13), with a volume of 986011 shares changing hands. The stock had previously closed at GBX 10.95 ($0.14).

LWB has been the subject of several analyst reports. Canaccord Genuity reduced their price target on Low & Bonar from GBX 26 ($0.34) to GBX 20 ($0.26) and set a “buy” rating for the company in a report on Monday, May 20th. Peel Hunt reduced their price objective on Low & Bonar from GBX 25 ($0.33) to GBX 20 ($0.26) and set a “buy” rating for the company in a report on Monday, April 1st.

The firm has a market capitalization of $67.70 million and a P/E ratio of -0.69. The company has a quick ratio of 1.17, a current ratio of 2.13 and a debt-to-equity ratio of 138.27.

In other news, insider Philip de Klerk bought 200,935 shares of the company’s stock in a transaction on Friday, April 5th. The shares were acquired at an average cost of GBX 14 ($0.18) per share, with a total value of £28,130.90 ($36,758.00).

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About Low & Bonar (LON:LWB)

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company supplies a range of technical textile solutions for various applications in the air and water filtration, building, roofing, drainage, and erosion control; and woven and non-woven geotextiles, and construction fibers used in infrastructure projects, including road and rail building, land reclamation, and coastal defense.

See Also: Return On Assets

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