Lovisa (ASX:LOV) Shares Down 2%
Shares of Lovisa Holdings Ltd (ASX:LOV) fell 2% during mid-day trading on Wednesday . The stock traded as low as A$11.55 ($8.19) and last traded at A$11.67 ($8.28), 220,716 shares were traded during trading. The stock had previously closed at A$11.91 ($8.45).
The company has a current ratio of 1.31, a quick ratio of 0.62 and a debt-to-equity ratio of 14.89. The company has a 50-day moving average of A$12.87 and a 200-day moving average of A$11.75. The firm has a market capitalization of $1.27 billion and a price-to-earnings ratio of 35.15.
In related news, insider John Armstrong purchased 7,990 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average cost of A$12.56 ($8.90) per share, with a total value of A$100,314.45 ($71,145.00).
Lovisa Holdings Limited engages in the retail sale of fashion jewelry and accessories. It develops, designs, sources, and merchandises fashion jewelry and accessories under the Lovisa brand name to fashion conscious females aged 25-45. As of July 1, 2018, the company operated 326 retail stores, including 24 franchise stores.
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