Keystone Law Group (LON:KEYS) Shares Up 0.9% – Should You Buy?

Shares of Keystone Law Group plc (LON:KEYS) shot up 0.9% during trading on Friday . The company traded as high as GBX 540 and last traded at GBX 536.80. 126,346 shares changed hands during mid-day trading, an increase of 57% from the average session volume of 80,298 shares. The stock had previously closed at GBX 532.

Keystone Law Group Price Performance

The firm has a market cap of £169.34 million, a price-to-earnings ratio of 15.65 and a beta of 0.26. The company’s fifty day moving average is GBX 536.90 and its 200 day moving average is GBX 558.22. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 8.06.

Keystone Law Group (LON:KEYS) last issued its quarterly earnings results on Wednesday, April 29th. The company reported GBX 37 earnings per share (EPS) for the quarter. Keystone Law Group had a net margin of 9.59% and a return on equity of 59.02%. The firm had revenue of £115.17 million for the quarter. On average, equities research analysts predict that Keystone Law Group plc will post 22.8524455 EPS for the current year.

Keystone Law Group declared that its board has approved a share buyback program on Friday, May 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, insider Isabel J. S. Napper bought 950 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of GBX 502 per share, with a total value of £4,769. Also, insider Salar Farzad bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of GBX 502 per share, for a total transaction of £10,040. Insiders purchased 5,950 shares of company stock worth $2,968,900 in the last quarter. Corporate insiders own 29.29% of the company’s stock.

About Keystone Law Group

Keystone Law Group plc provides conventional legal services in the United Kingdom. The company offers its legal services in the areas of banking and finance, capital market, commercial, commercial property, construction and projects, corporate, data protection, dispute resolution, employment, EU and competition law, family and matrimonial, fraud and financial crime, and immigration. It provides legal services in insurance, intellectual property, investment funds and management, licensing, mediation and ADR, pensions and incentives, planning and environment, probate and estate planning, residential property, restructuring and insolvency, tax, and technology.